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1.
Acronym for "Jerk off and got to sleep"

Can be used as a conversation closer.
Ex. 1
IM Dude 1: Alright man, ima joagts, ill talk to you later
IM Dude 2: ITE, PACE

Ex. 2
(Facebook or twitter status)
JOAGTS
by GenghisTr0n April 14, 2010