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The word "Bungchowder" originated in Irvine, California during the economic crisis of 2008/2009. The word has a two part meaning, and in its most basic form is defined as "Shit-Soup". Bung, being a modern derivation of Dung or Horse Shit and Chowder, the classic coastal American soup served in bread bowls.
Ass-crap! stocks fell 500pts! We're swimming in Bungchowder now!
by Dr Chipper December 06, 2009
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