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2.
It's when 2 or more people have a somewhat "private" conversation over myspace, usually talking about something that the rest of the myspacers have no idea about.

It is the most annoying thing to ever come out of myspace..
Ammyy: omgg today was soo funn don't you reckon sam?
samm: yerrr..omg it wass catch up tomorrow bubb

Bec: would you 2 stop to statuschat
by Myspacerrr101 May 13, 2009
 
1.
When 2 or more people use their facebook status updates and status comments to chat, instead of using facebook instant messages, MSN, or any other form of instant messaging.
Jim: Is wondering when the party is
Jack comment : 9:30 man, see you there
Jim Comment: Oh sweet, didnt know you were going
Jack Comment: Yeah i wasnt till just now
Jim Comment. Cool. Its been a while man, how are you?
Jack Comment: Good, but lets use MSN, we dont want this to turn into a status chat.
by dffgdddd February 03, 2010