A cigarette in which someone is obligated to give to repay debt. An owed cigarette.
Chris: Andrew, give me my obligarette, you poverty-ridden, tasteless, jewbag.

Andrew: Go to hell Giarlastein!

Chris: Why don't you go to hell, where all the poor people go, you wretch whom was given natural gifts of poor quality.

(The obligarette was then submitted grudgingly to the lessor {the person who leased out the property borrowed}.)
by Chris Pemberton April 30, 2009
Get the obligarette mug.