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a word you use when you're either completely in love with someone or you want to punch them in the face. it's like saying they're either the best thing since sliced bread or the worst thing since the invention of bad decisions.
"Your math test was faauwt! I'm either marrying you or burning your homework."
"That kid's faauwt. Either he's a genius or he's gonna fail every class."
"Your faauwt opinion makes me want to cry or laugh. I don't know which."