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1.
An Asian Person who is Muslim. Or a person of Asian origins who is of the Islam race, short for Muslim.

Alan: Hey Joe look at that stupid muzzer over there
by Levoh September 21, 2007
 
2.
Originally invented by someone doing a Russian Accent. It basically means mother. It is usually said when a person is a) Drunk or b) likes slurring their words.
Dunc: Man i'm drunk, oh shit i just puked where's mother?
by Daziel May 01, 2005