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Similar to the word previously defined by me (and was stolen by this other guy, how original of you), BNWT, this means Brand New Without Tags. It indicates that the particular item for sale is brand new (supposedly never worn, although there are liars out there...), however the tags have been removed.
BNWOT sass & bide jeans size 24!
by Taradactyl January 19, 2005
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Acronym for "Brand New Without Tags". Seen primarily on auction sites such as eBay.

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by digital_ice November 21, 2004
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