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exercise the option: definition when someone has several sexual options available to them...example: if a girl has lots of guys calling all the time, or vice versa and the person decides to go ahead and have sex with one of the people she/he is said to have "exercised the option"

Keisha has so many options cuz guys call her all the time to hang, and she decided to exercise the option last night when she slept with Kevin.
by Doe and Done November 03, 2005
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