1. Something that one, embarassingly, thinks is an embarassment, but isn't.

2. An embarassing spelling mistake.
"What an embarasment!"
by sidney January 31, 2005
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"...in a University which is ranked in the top 10 of the whole world, there
is NO PLACE for hand-written lecture handouts, or any OHP slides (especially
when they're hand-drawn during the lecture. What an embarasment!)"
by sidney February 2, 2005
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