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1.
It is the masturbation method made famous by Al Bundy.
"I did the bundy lastnight because my girl friend wouldnt give me the shag."
by Da G Man Funk June 29, 2008
 
2.
1. The All-American family.

2. An actual sitcom family that is close to reality.

also see Married With Children
The D'Arcys are going over to the Bundys house for a party.
by Kevin July 31, 2004