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Definitions by Dieschorschs1

pegasus effect 

When the lights dim because your sugar daddy is arriving on his Pegasus.
“Why is it so dark?”

“Because of the pegasus effect you cunt

Pegasus-Effect 

When the lights are dimming because your sugar daddy is arriving on his Pegasus.
“Dang why is it so dark” , “It’s the Pegasus-Effect you dumb bitch