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1. A memo that is in the state of being revised / re-worked, especially for a particularly picky reviewer.

2. An incomplete draft memo.
The memo is still in the process of being revised. This is a draft / incomplete memo.

The document is going through memomorphosis at the moment.

Here is the memomorphosis, a final should be received once the wizard down the hall signs off on it.
by Polishsausag September 10, 2007