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It means you're gonna get roasted if you mess up.
I said 'p. a. y. o. r.' before I jumped into the pool. I landed in the deep end. My feet got wet. My pride got burned.
He said 'p. a. y. o. r.' and tried to lift the barbell. It crushed his ego and his fingers.
I texted 'p. a. y. o. r.' before I ate the whole pizza. My stomach exploded. My face turned red.