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1.
A record label, which according to Weird Al Yankovic, sucks.
This is a description of a scene from "White and Nerdy":

Al: I edit Wikipedia!
(On screen, there is a computer with the Atlantic Records edit page pulled up, with in big blue words "YOU SUCK!" on the edit box.)
by Suzumiya360 September 05, 2009
 
2.
Is one of the oldest records labels around today, consists with Elektra and Lava Records!
Atlantic was formed in 1947 by Ahmet Ertegun and Herb Abramson in New York City. Atco and Cotillion were subsidiary labels and Clarion was a budget label. Atlantic recorded rhythm and blues, jazz, blues, country and western, rock and roll, gospel, and comedy.
by Rizwaan October 19, 2004