When your boss/manager/superior leaves early for the day thus giving you an opportunity to also finish work early without getting caught.
Quick, let's go, it's magic time!
Look who's leaving, it's magic time!
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A great way to refer to sexual relations with a narcissistic man (while roasting him)
Narcissist: Oh yeah? Well kiss having sex with me goodbye!
Normal person: *sarcastically* No more magic peepee time? Oh no lol
When your boss/manager asks you to make time on the weekend to get a head start on work
"Let's find some magic time to make to finish up this project early"