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It's a greeting to people. As if to say "Hello people!" The word people is just in slang form. Either that or someone is in a store buying some actual peeps and are soon to say "goodbye peeps" as they eat them.
Update: Apparently there are other meanings to this throughout the internet, though I don't know them all.
Wiki User
∙ 14y ago
Anonymous
GET OOFF MY CARRR
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How many peeps live in Florida?
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