Quote-unquote Definition
kwōtunkwōt
interjection
Used as before a word or phrase to indicate a direct quotation.
The quote-unquote “free offer” cost me five dollars in postage.
Webster's New World
adjective
(idiomatic) Emphasizes the following, or sometimes preceding, word or phrase for irony, as used almost exclusively in spoken language.
Maybe you should ask your quote unquote friend what happened to the money.
Wiktionary
adverb
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