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1.
Really bad tasting alcohol. Mainly an Australian slang.
"Jeez, sharon, the beer's gone all warm! *drinks* Bleeegghhhh....tastes like snake piss!"
by Evie d March 15, 2006
 
2.
40 oz. king cobra............essentially any beer that is rank.
"snake piss really? I'd rather drink keystone".
by stevzv April 22, 2011