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a green pencil is a school name for weed when someone at school ask you for a green pencil that means they want some weed
"hey give me a green pencil"

"do you want a 5 dollar or a 10 dollar green pencil"
by skaterj666 July 04, 2009
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2
A term used for joints when talking around adults.
Hey lets meet after school and "draw" with our "green pencils"
by A-E-I-O-U and sometimes W October 15, 2005
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