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1.
Named after the small northern Ontario, Canada, logging town. It is assumed that everyone in Bancroft wears the, sometimes, red and black fleece outdoorsman coat even to formal events. Therefore the Bancroft dinner jacket.
Outdoorsy type wearing his checkered coat in the city someone might say.

Hey, look at buddy wearing his Bancroft dinner jacket!
by Pflapper January 30, 2011
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