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A versatile word that cannot be explained per se, however can be defined as the overall accumuance of perimeter, both physical and non-physical. It can be used to describe hanging out(Dude, let's perim), what's the plan going to be(So, what's on perim?), or, in the most extreme cases, doing something that you, the speaker, find unacceptable or out of place(He's pulling perim).
Speaker #1 "Hey bro, let's call JTam and see if he wants to perim tonight."

Speaker #2 "Nah bro, that guy is always pulling perim and off doing something else"
by J-Tam January 01, 2010

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