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1.
Putting 2 fingers into your girlfriends nostrils and pulling her nose upward whilst doing her doggy style, thus making her look like a piggy thus smoking the bacon or smokey bacon
last night i pulled a smokey bacon on my girl, she was not happy
by jamesthebaconsmoker August 02, 2011
 
2.
Slang for cannabis
Wanna get some smokey bacon for tonight bro?
by Dr Pot November 02, 2013