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1. Oscar Party
The gay man's Super Bowl party.
Guy 1: I'm throwing an Oscar Party this Sunday.
Guy 2: Fabulous!
2. Oscar Party
A euphanism used to describe an event in which mature couples engage in sexual intercourse.
Sometimes used to mislead younger people into the comforting belief that they do not have sex.
My father must really be hitting it off with his girlfriend. She's invited him over to her house for an "Oscar Party".
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