The act of a true situation happening with a group of friends. Anything that happens in an everyday situation. Also see "sorry for partying." With the combination of these two words, anything can happen, whether it is real life, or sorry for partying. That's real life.
Cameron and Monica were researching definitions on Urban Dictionary...that's real life.
We spent our Saturday night on UD...that's real life.
Tom was searching for girls and struck out badly...that's real life.