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It is a term of endearment that can be used among male friends. It combines "Bro" and Bozo the clown. This technique can be seen in the movie "I Love You Man" where they often make a play on names using Bro, like Bro Montana and Bro Namath.
Dude #1: Yo What's good?

Dude #2: Nada Brozo the clown

Dude #1: Word
by Tjeballa July 28, 2010
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