Another name for William and Mary, often used by students. A homosexual connotation, considering the small school's significant population of gay men.
Student 1: Hey, do you want to go to a movie this weekend?
Student 2: No, man, I gotta study for my exams.
Student 1: Oh yeah, I guess I should do that too.
Student 2: Yeah, that's bill and larry for ya.
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