Portmanteau (combination of 2 words) of obama and inauguration. easier than saying the inauguration of barack obama
Person 1: You gonna be at school tomorrow?
Person 2: No, i'm going to the Obamauguration.
Person 1: O.o
Acronym that stands for Female Ass Grabber
Person 1: Hey dude, you're a fag.
Dude: Why yes, I am a Female Ass Grabber. Thx for noticing.
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