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Noun: furphy  fur-fee
Usage: Austral, informal
  1. Gossip (usually a mixture of truth and untruth) passed around by word of mouth
    "The furphy about the company's merger spread quickly through the town";
    - rumor [US], rumour [Brit, Cdn], hearsay

Derived forms: furphies

Type of: comment, goss [Brit, informal], gossip, scuttlebutt [N. Amer, informal]

Encyclopedia: Furphy, Joseph