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1.
Basically, a cooler version of the word "random". The word comes from the Sega Dreamcast game "Project Justice", where the random select icon was mistranslated to say "RAMDOM".
"Dude, that was totally ramdom!"
by The S October 22, 2003
 
2.
something not expected happens
"look at that ramdom t-shirt
by matthew thomas April 04, 2003