Typically used as a reply to a question in everyday conversation or as a strong statement.

Tony: "The party at the Playboy mansion was So Ryte!"

Jason: "How was that trip with the Brazilian swimsuit team?"
Tony: "So Ryte!"

or

Tony: "That was the best prime rib I've ever had."
Jason: "It was So Ryte!"

or

Jason: "What did you think about a cash bonus and pay raise?"
Tony: "So Ryte!"

Lengthened for greater impact and effect, "Soooooo Ryyyytttee!"