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A variation of the name "Greg Louganis" who is a professional diver.
The term "Greg Loose-Anus" is applicable to anyone named Greg who is gay, has butt-sex and thus has a "Loose Anus."
Carolina: "I don't think Greg is interested in me" *sniffle*
Paco: "Why not?"
Carolina: "Not sure, but his mom said he may be 'Greg Loose-Anus'"
Paco: "Can I have his number?"
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