1 definition by Evan M

Top Definition
1: (adj) Of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

2: (n) A commodity that is freely interchangeable with another in satisfying an obligation

3: (n)(Slang) Items which are simultaneously the product of fungal growth--typically bluish, small and phallic in appearance--and devilishly fun.
Hamish's enjoyment of the Roasted Mensch weekend was greatly amended by his liberal intake of fungibles.
by Evan M December 03, 2004

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