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An individual who collects underwear from ex-girlfriends, one night stands and the such.
"Hey Allison. Did you ever find your underwear?"

"No. I think Tim's a panty bandit."

"You should really call the Panty Bandit Denaturalization Commitee. They really are world class in bringing lost panties back to their rightful owners."
by Kevin20012001 May 29, 2006
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