Basically, a six-month paid vacation for rich kids who've never worked a day in their lives. It involves little-to-no studying, spending upwards of $15,000 that they did not earn themselves, partying, drinking, and traveling. It is often confused with the term "academic experience," although far from it. These students feel study abroad is "right" not a "privilege" and feel that it makes them better than the rest of the population.
Susie: "Oh my gosh! It was amazing! Three weeks ago I went to Prague, Germany and London. Next week I'm going to Rome, Florence, and Perugia and my parents are totally supportive."
Angela: "That's great. Did you save up during high school and your summer job?"
Susie: Save? That's what poor kids do. My dad paid for this-- I just have to pay for my souvenirs, but even then it's off my parent's card!"
Susie: "Yeah, this whole homework thing is getting in the way of my Study Abroad vacation."
(V) To exceedingly scrutinize, in most cases stalk, an alluring female.
Guy1- Hey man, whacha do last summer?
Guy2- I studied abroad.
Guy1- Where did you go?
Guy2- Oh, just around the city a couple of times and then to her house...
Guy1- You do know studying abroad means leaving the country, right? Hey, Wait! "Her House"!?!?
Guy2- Oh yeah, I followed her all the wall home just to stare intently and mind-rape her.
Guy1- *Expression o_O* You are one sick, miserable bastard. Ya know that? You really did "Study Abroad".
Guy2- Yeah, but would I do it again? :D