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A response to anything vaguely sexual or sexy.
Girl 1: So I hear Johnny Depp might be in the next Batman movie as the Riddler.
Girl 2: Oooh, squid!

Person 1: We were just laying together to watch tv!
Person 2: Oh sure. You were probably all ooooh, squid!
by Kaileikehe October 22, 2008
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