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2.
When you walk in to a room and can't remember why you went into that room.
Going into the pantry to get a loaf of bread, I phipped, and just stood there unable to recall why I was staring into the pantry.
by Cameron March 12, 2004
 
1.
alcoholic icecream, traditionally chocolate icecream with liberal amounts of kahlua, best eaten in the bath
well that was an excellent peter garrett dancing competition, <insert fellow midnight oil fan's name here>, would you care for some phip?
by omisa October 20, 2005