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Slang for Vagina, labias and flabias, this term also can be used for hairy muff, or beef curtains with fur. Can also be used in reference to women in general.
Jeez Danielle you let that panty hamster run wild.

There is an abundance of panty hamster running arround in the club tonight.

I want to bury my face in that panty hamster
by Big DK July 29, 2005
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