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Because old Nintendo games had to save on memory, they only allowed four spaces in the naming grid. People with names that were five letters or longer were screwed, and their characters' names were often hilarious four letter versions of their names. Dragon Warrior was the primary stimulus for this definition.
Chri, Fran, Cour, Step, and of course Stev
by Steve July 22, 2006
Stev is a shorter version of saying the already shorten name Stephen. It is often used at school to bully a friend by the name of Stephen.

It has been recognised as having likeness to the name of a gay russian.
Me: hey stev.
Steve: It's steeeve you retard!
by Tony Adams July 14, 2010