What is A.b.s.?
1.
Ass Bleed Syndrome. It results from one of two conditions. One result is from defecating too big a turd. The other results when politicians and crooked salespeople try to ream you a new one.
"I'm really concerned that after the election, the banking system will be bailed out, and the taxpayers will end up with A.B.S."
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7.
(v.i.) Out to lunch; not having it together; acting in a stupid way. Typically derogatory.
Derivation: ..