Five by five is a radio communications expression that means 'loud and clear'. One of the fives represents the S units of reception strength. The other five is a rating of the signal clarity. Five by five is a good, clear signal. The radio use of this expression goes back to the 1950s: "'All right, testing, one-two-three-four. . .' 'Five by five, Mr. Holloran!'" (Hunter, Blackboard Jungle, 1954).
The more metaphorical meaning, popularized by Faith Lehane from the television show Buffy the Vampire Slayer, wasn't recorded until the 1980s.
The use of the word is primarily used in the military, or when discussing something similar.
"'I hope everything's all right.'
'Yeah, everything is five by five'"
Suffix, added to almost any word or term, such as "fun-a-palooza" or "drink-a-palooza".
This gathering of friends is going to turn into a drink-a-palooza.
Used to denote that someone, or what someone is saying, needs a reality check.
"I know that you had something to do with the items missing from my room"
"SCREENWIPE, You know I had nothing to do with that, as I was out of the house at the time your stuff went missing"
'Deal with that outfit for a moment.'
A suffix, which can be added to almost any word.
Such as "kickage", or "slayage", popularized by Buffy the Vampire Slayer.
I think that guy in class deserves much kickage.