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Llama is a sly way of saying Pussy. So when Nicki Minaj says "llama degree" in "I Wanna Be With You" she is saying she wants a man so good with pussy he has a degree in it.
Alexis: John is a no good motherfucker.
Joanne: Why don't you leave him, girl!
Alexis: Hell no! That nigga has a llama degree!
by MyFaveIsGlobal July 31, 2013
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