Meaning: Last but one, before the final one.
Example (1): “Saturday is the penultimate day of the week and November is the penultimate month of the year.”
Example (2): “I swear, I swear, I swear. The last guy was the penultimate one I’ll date before I get married because even though my ex was a total creep my current bae is so perf! I mean, we are gonna get married one day. I’ll be like the princess and he will be the prince and we will make some totally, cute babies! You know what I mean?!”
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