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an ecxlamation for the word scam. simply a word to point out that a scam has just been performed, whether it be good or bad.
man-1: Dude, I totally nailed that girl last night.
man-2: Scamarama. Nicely done.

woman: That man just stole my purse.
innocent bystander (to himself): Scamarama.
by Sir B November 15, 2009
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