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1.
Same as a Camel Toe - when a woman's pants are so tight you can see the cleavage of her vagina lips.
You aren't wearing those spandex bike pants are you? ... they show off way too much beaverage!
by monkiki August 04, 2005
 
2.
Early cenozoic era during which mammals such as beavers started appearing
When did squirrels evolove? I believe it was in the mid cenozoic era, immediately following the beaverage
by rabbitguy August 01, 2009