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A term used when you happen to be a beaver and 4 hungry multi-colored bears are trying to eat you. They will get you cornered and then you should point to the sky and shout, "LOOK! BALOONS!" The bears will be pleased at the notion of baloons giving you time to escape.
Dagget from Angry Beavers escaped saying, Look Baloons in episode 206.
by Arkalit November 13, 2004