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Schwantz Licker is an ancient term used for anyone who is a douchebag, ass hole, jerk off, etc. Schwantz meaning dick or penis so it's the equivalent to calling someone a dick licker.
Kevin: Hey Chuck why are you a schwantz licker?

Chuck: I don't know why?

Kevin: Cause schwantz is a cock and you love licking cock.
by Kevin The Body December 01, 2008
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