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1.
To squeeze or pour lime juice into your mixed alcoholic beverage.
Steve: Hey man, I made you a drink.
Jake: Did you lime it?

Hey John, next time you make Sally a drink lime it or she will gag on it.
by Aaron_768 February 08, 2007
 
2.
A form of downloading free music (off of limewire)
"Man! I need some songs!"
"Just lime it dude."
"Oh yeah, that shits foh free!"
by cogen December 04, 2007