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The phrase can be attributed to Wiz Kid's famous song"Caro"; whereas the act of looking for Caro refers to actually looking for that one special girl every guy dreams about marrying. Literally "Miss Perfect".
Guy 1: "Yo bro, I hear you and Ashley broke up?
Guy 2: "Yeah, I'm back to looking for Caro."
by zariiraz February 26, 2014
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