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1 definition by oilsbloke

 
1.
Possible Gossip. A conclusion one draws about what others are doing that is just so juicy that it would be tantamount to criminality if that possibility wasn't released as gossip.
An example of possip in action is: "Such and such MUST be doing so and so - just look at the {quite possibly flimsy} evidence."
by oilsbloke February 16, 2010