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A place well known for its banterific qualities, no matter who is there; this is usually due to a certain banterlicious event that has happened/will happen in that particular locale. Tends to (more colloquially) be used as a rebuttal for any sentence ending in 'cool'.
James: Man, this place is so cool.
Ozzy: That's funny, because remember that time Chris got stuck in a freezer here?
Joe: Yep, right here in the bantarctic!
by Bantman June 14, 2015
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