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The ethical system of buying beers in rounds amongst friends.

Good Roundsmanship would see each individual involved in a round, buying drinks for their mates in a well-ordered and timely manner, so that no glass is ever empty and the hassle and cost of going to the bar is evenly shared among the participating boozers.
Zebediah: "wasn't it Adam's turn to get the next round of beers in?"

Ezekiel: "sure was, but he has shocking roundsmanship"
by phexxa April 09, 2010
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