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The practice of being a fake ass bitch.
Jane- "Hey John can I borrow a cigarette?"
John- "Sorry I'm all out."
*Later, unbeknownst to John, Jane sees he has cigarettes.*
Jane- "That's some fakerism."

Bush- "We need to stop Congressional earmarks!"
*Bush's proposed 2009 Budget contains thousands of earmarks*
by Qweda May 04, 2008