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This phenomenon happens when you spend your whole paycheck in one day on either nothing that you can think of, gas, possibly bills or owe a friend, and have $5.00 or less to go the next week with till payday.
CarL: "hey man, lets go out and get a pizza tonight, I'm tired of eating toast"

HaL: " dude... I cant do anything this week, I just hit a damn Payday Pothole, I only have $4.00 for the week"
by PETE359 January 10, 2014
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