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When a vagina is dressed with whipped cream, chocolate syrup, nuts, bananas, and a cherry and then cunnilingus is performed on it.
I almost choked on the cherry when I gave my girlfriend a banana slit last night.
by MBurns91 January 26, 2012
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When a razor blade is drawn from the clitoris to the anus, making one continuous crack.

"Me and all my friends could fuck Jill because I heard she has a Banana Slit."
by Nick and Matt Vitamin October 14, 2007
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