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A fresh word that's cool to use for about two days before it gets stale. Very much like a meme, but not a picture or a joke. It's just a single word.

People who use these non-jokingly tend to get mocked for it.
"What does fam mean? What does dank mean? What does any of this mean?!"
"They're just meme words. They no longer mean anything but people insert them in every sentence regardless."
by ScottyWired June 10, 2016
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