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1.
a joke or otherwise non-serious comment.
Derivation: Joke in spanish is chiste, which sounds like chicle, which is a small piece of gum, and in spanglish gum is goma, so its a small piece of goma, and goma is actually an eraser in spanish, so its a small eraser, which, in spanglish, is an eraserito.
Damn, B. Don't get so defensive, it was only an eraserito
by DMM December 07, 2003