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Similar to a real stand off but simply involving cocaine instead of guns. A tense situation where two persons are eyeing two lines of coke, waiting for the other to lose his/her nerve and "pull the trigger".
"Dude... m & f were doing a colombian stand off the other night.. none of them caught any sleep!"

"Oi! What'cha looking at? Lookin' for colombian stand off?!?"
by Yamato Corporation March 25, 2017
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