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Definition 1: True story, has become a phrase of agreement or acknowledgment akin to the phrase 'true that/dat.'

Definition 2: To express an almost disinterest in what someone has said, by simply affirming they have said it. Common synonyms are: cool, gotcha, uh-huh, true that, etc.

Definition 3: It can be used to try to affirm your own statement.
Example 1:
'Obama is doing a pretty good job in the White House so far, don't you think?'
'True story.'

Example 2:

'I just ate an entire pie!'
'True story.'

Example 3:
'I just ate dinner with Britney and she gave me head in the parking lot! True story!'
by May 23, 2009
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