velvet
a. Informal. a very pleasant, luxurious, desirable situation.
b. Informal clear gain or profit, esp. when more than anticipated.
yak
a. "laugh," 1938; talk idly (v.), 1950; echoic, perhaps of Yiddish origin.
b. A wild, shaggy-haired ox (Bos grunniens) of the mountains of central Asia.
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