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1. buddy punch
August 29, 2006 Urban Word of the Day
When a person at work clocks in ("punches in") their friend when their friend is late to work.
Did you you clock in for Stevie?

Oh yes.

Good old buddy punch!
2. buddy punch
Noun.
To punch a friend on the arm or shoulder during a greeting.
John: "Hey man, long time no see!"
*punch*
Henry: "Dude, that fricken hurt."
John: "Relax, it's just a buddy punch. Wuss."
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