What is I'll Be Back In A Flask?
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It originated from the term "I'll be back in a flash", but with the word "flash" replaced with "flask". It gives a double meaning now, where you can say "I'll be back soon" and also "I'll be back inside an alcohol containing vessel".
"Hey, dude, I'm gonna go pick up some more ammunition at K-mart. I'll be back in a flask."
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basically it means to chill the hell out. lay back and ignore the impending drama thats rockin the fragile minds of most livejournal use..