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A slang term for a large labia minora derived from the cliche, "loose lips sink ships."
"Yeah, Stoya's damnfine. But, emm....She does have those ship sinkers."
by James Augustine Aloysius Joyce September 25, 2009
Is a person who "rats" out his own "crew." Also known as Ship Sanker
Mark told the cops about the drug deal, man what a ship sinker
by caleb cox October 11, 2007