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Velveeta cheese pretty much. Usually what you say to describe what Velveeta cheese looks like after you pretend it's real cheese and try to make dip out of it.
Person1: Dude, lets make some Velveeta dip!
Person2: A'ight.
(3 minutes and 30 seconds later)
Person1: Dude! WTF is that?!
Person2: man that shit is Velevil
by dpndrgst April 24, 2007
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