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the act of two literary sophisticates having hot rough intercourse.
may also be said in code for the act of "foreplay"

most often popcorn time is associated with the exclamation of the word "WAH"

"jessie, guess what time it is!"
"iiiiiiiiiiiiit's POPCORN TIME! WAHHHH!"
by jessie and caitlin January 13, 2008
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