What is Gerace?
1.
It is a sexual act in which a woman places peanut butter on her body while the man licks it off. Valid for any part of the anatomy.
Guy: Hey remember that girl I left the club with las night?
Friend: Yea
Guy: Well she took me back to her place, popped open the Jif, and I totally Geraced her!
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To not pay up on a bet. An agreement between two persons in which the loser fails to pay what was agreed upon.
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