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1.
Shalam is a word that means:
In your face, bam and slam all in one word for the ultimate fuck you when ever you prove someone wrong and want to rub it in their face.
You: "The movie starts in a half hour"
Someone else: "No it said it starts at 6:00 and it's 6:00 now"
You: "No Because I checked and it said 6:30"
Someone else: "Look here's the movie time, 6:30, fuck"
You: Shalam! You little piece of shit!
by wearefrindle December 06, 2010
 
2.
To be okay with something; to agree
Katie: I'll pick you up at 3, okay?
Ben: Shalam.
by Syink July 04, 2009