It is when someone screws you over; such as in the show Price is Right. You bet 1200, and the dick after you bets 1201, thus eliminating your chances of winning unless the price is exactly 1200.
I was gonna get a cream doughnut but the dick in front of me 01'ed me out of it. What a douche.
by Joe Name August 08, 2010

5 Words Related to 01

A suffix attached to any noun to signify this subject as a prime example of said noun. Can be continued using only odd numbers to describe multiple nubs. for instance: noun01, noun03, noun09 etc.
Birl-01- The prime or first birl
"Oh ok asshole01 over here."-roughly translated 'You are the biggest asshole ever'
by ResidentStump July 27, 2009

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