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1.
spending lots of money
A family vacation is one way of shredding cheddar.

Well, she's off to the mall again to shred dat chedda!
by Johnny J. Rockability July 16, 2010
2 0
 
2.
spending cash, making it rain
when i get rich imma be shredding cheddar
by fecht January 05, 2010
3 2