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Eat it or wear it

Posted by Barney on July 12, 2000

In Reply to: Eat it or wear it posted by Angoosh on July 12, 2000

: I am not a native speaker. Give an idea of what 'eat it or wear' means

Does it refer to an over-decorated hat in which a hungry person sees sustenance, and the well fed sees decorative advantage at the races.