Fred's out

A fart.
A pronouncement about the presence of a fart, generally made by the one who just "dealt it" (as a warning) rather than simply "smelt it" (as an accusation).

Dude: Fred's out!

Friends: Aaaaaaagggghhhh!!!!

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Fredding out

lazy person who never shows up at the gym. And when he does he spends all his time watching the booty class.

Worked out alone again. Johnny keeps fredding out on me..

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