The Big Magilla

I recently got into a discussion with some friends
over the history behind the phrase 'The Big Magilla'

Can anybody help me out on this?

One entry found for megillah.

Main Entry: me·gil·lah
Pronunciation: m&-'gi-l&
Function: noun
Etymology: Yiddish megile, from Hebrew megillAh scroll, volume (used especially of the Book of Esther, read aloud at the Purim celebration)
Date: circa 1952
slang : a long involved story or account

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