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Magic Bean 

The female clit in a swollen, engorged condition caused by manual or partner stimulation.
Tanya worked her lover Mary's magic bean until Mary exploded in a massive, screaming, squirting orgasm.
Magic Bean by Eaton Holgoode July 2, 2009

magic dragon 

the art of smoking cannaibas
last night I puffed the magic dragon
magic dragon by baxter October 29, 2003

Magic Flashlight

Slang term for marijuana, originating from the practice of hiding marijuana inside flashlights at Lincoln High School in Portland, Oregon.
How about a dime o' magic flashlight?
Magic Flashlight by fishfood May 30, 2007

magic beer 

When you are at a bar and your near empty beer is magically replaced by a full beer. The person who replaces said beer is either someone buying you an unrequested drink or a friendly bartender
- I set my beer down for like two seconds and *tada* magic beer

- I hadn't planned on having another round but I got a magic beer
magic beer by Broken_lunchbox January 11, 2009
An amount or “wad” of money possessed or used by a person who falsely believes it is sufficient to accomplish something impossible or deliver magical solutions to a problem. A term applied to someone with delusional or false hopes about what spending money can accomplish.
“President Obama thinks corporate bailout money is a magic wad. He expects sociopathic corporate executives to instantly become honest and responsible as a condition of bailing out the companies they have destroyed through incompetence, greed and corruption.”

“Hey dude, Benny thinks he is going to find two tickets to the sold out Paisley Rabbits concert tonight for the twenty dollars he has left from his pay check. Yeah, he thinks he has a magic wad.”

“I have made a million dollars now. If I want something done all I have to do is make a telephone call and it happens. I am going to call my Congressman and tell him I want all the current members of the US Supreme Court removed and replaced by the end of the month.” (This man thinks one million dollars is a magic wad that will get his Congressman to do anything he wants.)
Magic Wad by Exigent Mind December 23, 2009

Magic Media Monkey 

The same as "Magic Monkey" or "Magic Nigger" (but with the emphasis on the fact that this wonderful but largely mythical creature mainly inhabits the wish-world of the liberal media establishment): a black person who is polite, law-abiding, peaceful, friendly, respectful to women, etc.
Look at that TV commercial - another Magic Media Monkey! Who do they think they're fooling?!