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1.
Inevitable consequences of an action that almost exactly mirror the action which brought these consequences about. They usually happen soon or almost immediately after the original event occurred.
Eg#1

Guy 1: "Did you hear that Heraldo fired his housekeeper for not speaking english well enough and got canned himself the next day for being an illegal immigrant?"

Guy 2: "Really? Must've been precise karma."

Eg#2

Guy: "Precise karma is the worst. The other day I borrowed Derek's water bottle so I could backwash into it and give it back to him. I didn't realize that it was actually a bottle full of spit... He's trying to lose weight for wrestling."
by Jibblety Jiblits March 06, 2011