fool or idiot--someone behaving in that fashion.
Correction:
The literal meaning of 'putz' is slang for male genitalia. The English equivalent is d*ck.
Though it's original meaning was equivalent to calling someone a penis, which in the old country was a great insulting expletive.
With today's youth it just means the same thing as the American insult, Dick, like your being a dick buddy, or your being a putz buddy.
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