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1 definition by Muffdiver

 
1.
Grand theft taco refers to the loss of a young girl's virginity by the hands of a thief. If said girl has her cradle robbed, she is said to have been the victim of grand theft taco. The taco is of course referring to female reproductive organ...her cunt. See also vertical smile and axe wound.
Pablo Don Carlos was convicted of grand theft taco when he undoubtedly stole Sally's virginity in a hilariously humiliating way.
by Muffdiver December 21, 2006