Handbags meaning

Plural form of handbag.
noun
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(UK, slang) Said jocularly in response to a particularly derogatory, bitchy or catty dialogue; calm down; cool it.

Person A: Not another cheeseburger, Marcia?

Person B: What's it to you?

Person A: Well, you're fat enough as it is.

Person B: You can talk!

Person C: Ooh - handbags ladies!

interjection
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