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1. Threepenny Bit
Threepenny Bit are a traditional folk band based in Southampton. They are famous for having a drum kit made out of bits and pieces, and busking in the streets of Hampshire on a daily basis.
Did you see that band on the street in the rain today busking? That be Threepenny Bit.
2. threepenny bit
Cockney rhyming slang for "shit"
"I ate bad food and got a terrible case of the threepenny bits"
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