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1.
Slang for multiple presents, usually of a small nature, such as trinkets.

Slang for a present with multiple aspects or parts to it.
I was excited for the preszies that sat under the Christmas tree.

I went to Toys R Us to purchase preszies for the children.

Be nice or you will not get any preszies
by Posh Meets Pavement October 28, 2011