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1.
A phrase used when something is REALLY cool.

Origin: the only thing an intoxicated guy named Connor could possibly say, repeatedly, after his friend Dane beatboxed over the loudspeakers at his graduation party.

Its use does not require involvement of anyone actually named Dane.
James:Ronaldo just hit a free kick from 50 yards!!

David: THAT WAS THE SHIT DANE!!!!
by Revolution37 August 12, 2011