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The Margarita Treatment 

When a girl takes a shot of tequila, sucks a lime slice, then kisses a pile of salt to put it around her lips. She then gives a blowjob to a guy. Results will vary, but should produce a wicked lovely burning pleasure.
"Hey baby, would you like to get The Margarita Treatment?"

The Margaret Mitchell Effect 

The phenomenon of having come to the end of a project and not knowing how to end it. Named for Margaret Mitchell, author of Gone With The Wind, which she clearly did not know how to end.
Almost done with his thesis paper, Joel found himself a victim of the Margaret Mitchell Effect, and continued rambling until his dissertation eventually seemed to end itself.

The Margarita Mudslide 

This my friend, is a new definition to happy hour at a bar. So it's basically an unruly shot method where you order a margarita slushie pitcher and then offer your lady friend to bend over and with a funnel attempt a makeshift ice luge while really tempting Montezuma's revenge on the way down.
1. My lady friend promised she had impeccable sphincter control before we attempted the Margarita Mudslide at the local bar. Boy was I in for a surprise when I tasted a little bit of funk.

2. I tried the Margarita Mudslide on the Cinco de Mayo and dubbed it, for one night only, the Sphincter de Mayo with a Latin twist.

margaret thatcher the cum snatcher 

"Margaret thatcher the cum snatcher" is a nickname or term you give to someone who is always vigorously horny and craving sex for the pure enjoyment of seman.
Joe: I just had sex with Bianca.
Nick: why she's always trying to be "Margaret thatcher the cum snatcher."
Joe: true but I heard shell do anything for sex.
Nick: but still she "Margaret thatcher the cum snatcher."

Last margarita of the night 

When you combine the last drops from bottles of liquor and cups of beer so you can insert it into the most sober girl at the party before she picks the guy she wants to drink it. Typically, this ancient mating ritual means they will spend the night together.
I met my third wife when she picked me for the last margarita of the night. The taste was brutal, but she looked so happy i knew she was the one.

Shit the bed, Margaret! 

An exclamation of surprise, shock, or amazement.

The response "At least it wasn't your pants, Bob," may be used.
"Little Jimmy passed his test? Well shit the bed, Margaret! This calls for a celebration!"