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1.
A pseudonym, or fictitious name, adopted by a person for comedic perposes. Usually employed when meeting a person for the first time; if used correctly, can cause uproarious laughter. (incase you didn't get it, its short for T-bag).
Person 1: Hi, i'm person.
Person 2: hi, i'm Teddy Bagwell; but you can call me T-bag for short.
by Sexyranchdressingman February 04, 2009