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To step in shit.

Named for the famed fixed income arbitrage expert and hedge fund manager, John Meriwether, with a knack for stepping in financial shit.

See, "When Genius Failed"
Guy 1: I Meriwethered my new boots today.
Guy 2: Meriwethered?
Guy 1: Stepped in shit.

Guy 2: Good one, Lowenstein.
by mrawesometheawesome November 08, 2011
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