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It means to be brave enough to stand up and tell a lie to a lot of people which will lead to bad consequences but you do it anyway for the sake of humour/inside joke.
A: I can't believe she lied about her name to the internet
B: Yeah I know she must be pretty wasillica to do that
by PseudoANONYMokThatWasShit July 25, 2017
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