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It is a slang combination for the three words: oh but no. Like Aw, but, naw. An expression used when something happens and you don't just want to say "oh shoot" or "oh, no" or "aw naw" but in actuallity really meaning aw yeah.
Ooh here comes that sexy new girl, awbutnaw!
by abstrak8 March 11, 2005
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