A term that can be used sarcastically, to refer to a team with no hope (of winning usually). A team that sucks beyond belief.
Do not be confused by the Original "Dream Team"

There is only 1 exact definition of "The Dream Team". And that is the 1992 Olympic Dream team composed of 10 of the 50 greatest players to ever play the game of basketball. They won games by an average of 40 points. Defeating Croatia in the gold medal game, they steamrolled each of their opponents.
Roster:
Chris Mullin
Michael Jordan
Patrick Ewing
Scottie Pippen
Karl Malone
John Stockton
David Robinson
Clyde Drexler
Charles Barkley
Larry Bird
Magic Johnson
Christian Laettner
All coached by legendary Chuck Daly

The F*cking best of the team not the fastest or best in practice but kill it come game time. Every one on the team is hilarious and keep the team from being a bunch of winey bitches.

A social group, sometimes "friends" that you hang out with because it is either them, nerds, or nobody. The members of a dream team will probably be popular or at least think they are popular. Although you hang out with them, you do not really fit in. You know that they do things all the time together, but you are almost never invited to join them. A lot of the time it is almost an honor if you do not fit in with them; if you do, then it is probably not a good thing. Sometimes people try to act like they are not part of one, but if they are in denial about it, then they are probably part of one. If you are in this situation you probably dream about what it would be like if you were included in the group, but you know that it won't actually happen. Even if you feel bad temporarily, you will have the last laugh in the end.

Describes a social drinking organization. Not just anyone can be a member of the dream team. In order to become a member of the dream team you must: a. be an upstanding member of society b. currently be a member of another organziation commonly referred to as "team p.o.s." c. implement the courtesy text in all appropriate occasions d. go through an extensive initation process, which includes buying rounds of shots overseen by a dream team founder e. live for fieldhouse wednesdays, big 12 triple wells, and mucho harpo's shots (all the while telling the bartender to "just make 'em taste good")f. know the exact motion of the point-and-wave... and the fact that every person who receives the point and wave is a joke to society g. "you sir/ma'am"... true meaning.

Becoming a member of the reputable Dream Team is not something that should be taken lightly. Although there are extensive requirements, the most important thing for dream teamers to live by is... if a fellow dream teamer needs you, for things such as: shots, pointing and waving, barking, courtesy text, etc., you DO IT! never leave a fellow dream teamer behind!

DREAM TEAM REPRESENT

Sports related term.

It is a team, which doesn't necessarily consisted of the best players, but the best team players with enough talent that the team itself is a juggernaut against opponents.

A loss would be in the most rarest in circumstances, and would be among the best of all time in sports.

2011 Philadelphia Eagles. Probably won't win the Super Bowl.

A group of "gifted" individuals located in a small town high school. They are the envy and joke of the school. Their dreams consist of Yale, Harvard, and Oxford. Although they are socially inept, they have the ability to study their way through life. If they don't kill each other from the effects of over gossiping and backstabbing each other for the number one class rank, they will possibly succeed in life. Although they don't understand the concept of having a life outside of studying, they are the pets of all the teachers. The model students.