Normally a homosexual act given to a male by putting a hole in the condom, proceeding to inflate it orally. Him then returning the favor, will often times result in a balloon sword fight.
John "Brad and I had an awesome balloon sword fight last night"
Kenny"What the fuck are you talking about?"
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A sword made out of modelling balloons, typically made by a magician, clown or someone who is otherwise skilled at balloon modelling.
The clown made a balloon sword amongst other balloon models at the children's party.
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