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1. Often used in conjunction with an adjective to describe the magnitude of ones penis; if no adjective is provided, it is generally accepted that "equipped" refers to a large penis.

2. Carrying a firearm.
1. After sifting through his huge collection of pornography, Mason suddenly felt inadequately equipped in comparison to the ginormous penii that filled his screen.

2. During the lobby scene in the Matrix, Neo was properly eqipped for the situation at hand.
by Lee T September 26, 2005
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