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1.
A compination of the words pudgey and budget, it is used to describe a generous budget.
I just got my tax returns so I am giving myself a pudget to go shopping.
by Jimena Shonaru October 14, 2009
 
2.
In some parts of southern Florida it is slang for "Content"content
She seemed pudget, which was odd, because she had just been sectioned.
by chebby-chubby September 18, 2006