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1.
A heavily stylized form of English in which one implements that of Olde English, very elaborate metaphors and sometimes blank verse.
All Shakespearean works use Shakespeak
by TehMonny September 02, 2007
 
2.
Refers to speaking in Old English or using antiquated phrases and styles, like in the case of William Shakespeare.
When Sean said, "Verily and forsoothe!" he was using Shakespeak.
by Ninjenja June 30, 2010