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Mildly derogative yet humorous way of greeting your asian friends. Derived from comedian Russel Peter's stand up shows.
Asian friend - "Hey guys...."

Other friends - "FAWTY-FIVE-FIFTY! AIE! How's it goin' down there? We was just talkin' bout you..."
by anthubc2010_fawtyfivefifty October 08, 2010
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