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(Noun) Political Party Portmanteau: (De'mon'key) Demonkey is a new term for the Democratic Party and it's beloved mascot the "Donkey" aka "JACKASS".
"I went to a political rally last night and that Demonkey candidate sure made an ass of himself."

"Are you attending the Demonkey rally today"
by 2smart4U February 21, 2013
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