(transitive, Australia) To thoroughly defeat an opponent in a fight or competition.
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Add your own interpretation of "towel up".
Aussie and Kiwi vocabulary — bogan, daggy, brekkie, sheila, bach, jandals — the whole Antipodean lexicon, including outback dialect, surf and beach culture, and Sydney/Melbourne street slang.
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(transitive) To soak up water with a towel or to dry something or someone with a towel.
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(intransitive) To dry with a towel.
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