Similar to 'Ghetto Booty' the difference being that the owner of a 'Carnival Booty' can work her ass in all manner of movements. The movements are usually so energetic that they are similar to the celebrations in a Carnival or to the dancers/dancing in a Carnival.
Usually refers to females.
'Bwoi you see dat girl on da stage? She got a Carnival Booty!!'
'I shake my ass like I got a Carnival Booty'
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