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1.
A soccer term. When a player misses the goal completely when shooting and kicks it miles over the crossbar
Beckham just ballooned it.
by Rich Lawson May 27, 2005
7 6
 
2.
The act of being extremely blazed off a volcano vaporizer
"Peavey got completely ballooned in Dougie's room last night.
by Nelson Carson October 17, 2007
1 1