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To hedge your bets by hitting on everyone/thing at a party. This is to ensure that at the end of the night no matter how drunk you are you have someone to go screw. Derives from "dutching" which means to place mulitple bets on the same race and Vaughan, relating to the famous singer/womanizer.
"You know Cheryl is horny tonight, she is already dutching the Vaughan all across this party"
by IamCHERYLv March 10, 2009
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