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1.
1. As a question; to ask if would be desireable to consume or purchase wine.
2. A descriptive term for wine.
1.
Person A: Splishy splashy (waving bottle at person B)?
Person B: Sure!

2.
Person A: What did you buy at the supermarket?
Person B: Loadsa bread, milk and some splishy splashy
by ian March 17, 2005