a term used in the military to say everything is in order. another way of saying squared away or ship shape.
"Is everything in order?"
"Everything is five by five"
by rickysayshi January 1, 2009
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A tool used among friends to retain possession of a certain seat. As the name suggest, fives only works for five minutes. After standing up from his chair, the person announces "fives", and then can freely do what he needed to, and when he returns no one is allowed to take his seat during his absence.

Powerful foe of, "you move your feet, you loose your seat."
Rudolf: I need to pee, fives.

==four minutes later==

Rudolf: Get your ass out of my seat.
Schwartz: No Way!
Rudolf: I called fives, schmuck.
Schwartz: ... arr, you got me this time.
by The Legendary Ironwood March 27, 2005
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Putting in some money toward the purchase of an item or items. Usually indicates a willingness to contribute $5 on a $20 bag of weed.
"I'm about to see Joe to pick that up...you got five on it?
by Big Daddy TJ April 27, 2006
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To give a high five when a good joke or comment is made.
Amy- That singer is as bad as the girl on the first round of American Idol
Me- five it!!
by Meghannn17 October 29, 2007
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This is what you say when someone says something incorrect or stupid. When you say "no fives" correctly, then you get to grind you finger across the persons neck as hard as you can.
"So, Nixon was a bad democrat, huh?"

"NO FIVES!! Lemme get that neck..."

"Aww man!"
==Action happens==
"Oww!"

"Gotcha!"
by Lolarsaur May 25, 2009
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