1. noun, what one calls his or her friend (usually male), in an informal conversation. Variation on man/mang.
Rhymes with: Champagne
2. interjection, used to acknowledge another's presence when unsure of his/her name.
1. Billy: My dome piece hurts from all the hyphy music.
Juan: Damn, magne. That's a shame.
2. Geoffrey: Hey, Jesus! I haven't seen you in soooo long!
Jesus: Hey, magne, I don't even know you.