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You say this when you owe your friend a ton of cash and you're too broke to pay them back. It means you're getting roasted for being a bad borrower.
I got you on a loud one, man. I still owe you $20 from last year.
I got you on a loud one. I'm gonna pay you back when I win the lottery.
I got you on a loud one. I'm broke, I'm lazy, I'm a mess.