An event or action that is used to enduce the giggles. The event that is used would be later on used excessively everyday for a long period of time thus causeing the material to become annoying
Jim: Yo you see that drunk guy fall down them stairs!
Jake: Yeah holy shit! Thats giggle material!

1 week later

Jim: DUDE!? remember that drunk gu-
Jake: okay.. shut the fuck up!
by Za Dom January 24, 2010

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