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1.
An unidentified substance, resembling jizz, that appears somewhere it is not normally found.
"You have some speculation in the corner of your mouth."
"No, I was just eating some ranch wings."
by thespeculator October 18, 2009
 
2.
When you make a spec out of you, and some guy named lation.
See, that's the thing with speculation. You make a spec out of you, and some guy named lation.
by gjgjgj May 09, 2009