Of Caribbean origin; often heard from a trini. Closest American translation is "hanging out," but it can be used to describe a party, a planned or unplanned social gathering, or just some people sitting around, killing time together. It's a trini's favorite pastime.
(1) So where de lime tonight?
(2) Beach lime tomorrow?
(3) Didn't do much last night--just lime by Crix an' play some cards...