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1.
An adjective used when trying to express a heightened level of cool, glamour, allure, and/or excitement related to an object, place or event.
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!"
by Prof Verum December 28, 2011