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A way to downplay the buzzkill of "waiver" when a group activity is fun, cool, and only slightly dangerous. To be used when: "Please sign the waiver" sounds too uptight.

"Waiver" to "Waivage" has the same semantics as "doobie" going to "doobage", and "acre" going to "acreage".
Group Bike Ride Organizer: "Hey gang, sign the waivage before we take off"

Group Bike Ride Participant: "That's cool. I already signed it. I'm ready to haul!"
by orangek July 21, 2011
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