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It means Nothing in Italian Slang, usually used in an execerbated tone.
You owe me 100 dollars! No I dont, I owe you oogatz! (as in I owe you nothing)
by Pentangelli October 10, 2018
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Sep 12 Word of the Day
Anatidaephobia is defined as a pervasive, irrational fear that one is being watched by a duck. The anatidaephobic individual fears that no matter where they are or what they are doing, a duck watches.

Anatidaephobia is derived from the Greek word "anatidae", meaning ducks, geese or swans and "phobos" meaning fear.
A:dude, Anatidaephobia is the coolest phobia ever!
B:quack!
by blank babushka October 24, 2009
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2
also spelled Ougatz. Means nothing, nada.
"My house? not in my name. My car? not in my name. my bank accounts? not in my name. you know what you got on me? oogatz."- from the movie 54
by Mike Goulis March 11, 2008
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