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When someone (usually of the female gender) pays for their education by stripping.
Mike: "Wow. Brandee got into the University of Georgia? How did that happen? She can't afford shit."

Shawn: "Easy. She's on a scholarstrip."

Mike: "It all makes sense now. I thought I saw someone who looked like her at the Flamingo last night. It was her. Haha."
by Phill Latio September 10, 2007
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