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From The Collaborative International Dictionary of English v.0.48:
Llama \Lla"ma\, n. [Peruv.] 1. (Zool.) A South American ruminant (Auchenia llama), allied to the camels, but much smaller and without a hump. It is supposed to be a domesticated variety of the guanaco. It was formerly much used as a beast of burden in the Andes, and is also kept on some ranches in the United States. [1913 Webster] 2. The fleece of the llama, a fine, soft wool-like hair. [PJC]