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1.
Low ranking member of the British army, equivilent to the American word grunt.
Lock up your daughters, the squaddies are in town tognight!
by Blue Cawdrey November 21, 2004
 
2.
A member of the armed forces who thinks he's the "Gods gift to women".

Unfortunately found everywhere.

Also Squaddy and Squaddy
"Our Jon is a Squady"
by Anonymous May 24, 2003