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A fancy way to tell someone they're crazy, like when rich people try to sound smart and fail.
"You call that a labumb? I’ve seen raccoons with better logic.", Dad to his son after a failed business idea.
"She’s a labumb, and I’ve seen her eat a whole pie in one bite.", Mom at a family dinner.
"He’s not just a labumb, he’s a labumb with a side of drama.", Best friend after a heated argument.