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1.
1. A word indicating something murderously awesome, or maniacally evil.

2. The improved plural form of chainsaws.
Ex 1
scplaya217: wtf howd you rush me so quick?!?!
lilkorea: zerg is chainsawce...

Ex 2
Bill Cosby: What you got there?
Lumberjack: Chainsawce, lol.
by KaEEEo! February 19, 2009