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the act of repeatedly bouncing your butt on a waterbed creating waves. a similar action is called bulele
ex 1.
person 1-"dude... whats that noise?"
person 2-"oh thats just some girls buloolooing in the other room."
person 1-"no way dude! you have a waterbed?!?!"

ex 2.

The louder the bulooloo, the bigger the wave!
by kradam August 23, 2009
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