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Hackneyed suffix indicative of a political scandal. Stems from the Watergate scandal that led to the resignation of president Richard M. Nixon. Henceforth, all political scandals have been given some derivation of Watergate.
For example: Cigargate, Coingate, Contragate, Falafelgate,Memogate, Nannygate, Plamegate, Troopergate.
External link: Wikipedia article with many more examples.

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