Something that is awesome or a state of being awesome. Some people are awesome, and they can handle awesome things. Others that aren't awesome, cannot handle awesome things. Also a person or something can be awesome to a degree. Super-awesome, or insane-awesome are examples. Officially awesome: Declared awesome by Mr. Awesome.
One can also be declared awesome by someone else, but it isn't official.
Bob: I drew a comic.
Mr. Awesome: Yes it is very awesome, Bob.
Jim: Can I read it?
Mr. Awesome: No, you are not awesome enough to handle it.