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An informal lunchtime meeting which is not catered
Brownbags can be presentations of projects that groups in the company are working on, or of an employee's childhood trip to Disneyland, courtesy of a nationwide contest sponsored by 3M

To brownbag it also means to bring your lunch from home, as opposed to eating out. In elementary school, the contents of the brown bag are often a status symbol and a makeshift bartering system evolves around the aforementioned contents.

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