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Slang term for the vagina. Due to the insinuation of a relationship between female genitalia and fish, used only in a degrading fashion.
Dude #1: Hey bro, where were you last night?
Dude #2: Ah man, I hooked up with some chick and was about to bone her, but turns out she was rockin a lip-cod.
by CPatch February 01, 2005
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