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2.
much like "holy shit" but in the less offensive christian format
"Holy buckets, Steph I haven't seen you forever!"
by threekitties May 09, 2005
 
1.
A phrase commonly used by very un-corrupted and sweet young-old women, to convey a feeling of surprise or amazement.
"Holy buckets! I've never seen anyone put that much whipped-cream on their hot chocolate!"
by bucky71 July 28, 2006