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I really like how there is a lot that you can do with Margaret and there is a nickname to fit almost anyone.
My favorite nicknames are Peggy, Rita, and Margot (or Margaux). They all sound sweet, youthful and energetic. Maggie is nice, but a bit too common. Meg is okay too, but somehow it's not Margarety enough for me. Marge isn't as nice.
Margareta is okay, but my favorite Margaret variant is probably Marguerite.