handbag

The same as saying "BURN" or "Zing!" after someone has a good come back or joke at anothers expense.

It is usually followed by a gesture of slamming your two fists together so they look like you're holding a little handbag.

"Doesn't this dress look nice on me?"
"If by nice you mean really really ugly"

"oooooh Handbag!"

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