Its in between a poo and fart. When you fart and some snot like gunk comes out your ass. Also a wet fart.
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When you hold in a fart for ages and it turns out to be pooh.
Dude 1. "Block ya nose I've been holding this one in for ages!"
Dude 2. "Dude! That stinks! Is it crap?"
Dude 1. "Yeah, I think it's a poofar."