(Know) To perceive or understand as fact or truth
(Right) Opposite of wrong
This term is used in the act of extreme agreeance.
Joey: I Know, Right?
Nick: What is this guys friggen deal dude?
Joey: I know, right?
"My parents are such trogs." "I know right? Mine think my LJ is a literal notebook."
Classmate: I KNOW, right?
Jackie: I know, right?
Jack: Wait, what?
Party #2: Wow! Oh my gosh, it's perfect!
Party #1: I know, right?!