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1.
1. A segway leading to a good thing or immediately proceeding a good thing.

2. An exclaimation expressing joy or satisfaction in a situation. Usually is based on the humiliation of another person, much like pwned. Correct use involves a long rant or insult with "bickitybam!" added to the end.
So I was making out with this girl at the party, bickitybam, we're back at her place makin nasty."
by Brian December 07, 2004