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The action of holding up the index and middle fingers of both hands like Bunny Ears to imitate quotation marks. Generally used to convey sarcasm, insincerity or derision.
Felicia used airpostrophes when referring to the "must end" DFS sale.

'OK so "airpostrophes" are just rabbit ears then?'
'Bunny ears you mean? You're so retarded.'
'No I'm not!'
'Yes you are you just said "rabbit ears." '
by VVV123 June 24, 2010