This phrase is used to indicate that I have to go now. It is a synonym to the word bounce, leave, split, peace, peace out
ShahRukh said, "Its time to disco", and he left.
by Rhil March 23, 2006
Get the Time to Disco mug.
It's time to have sex!

("have sex" can be replaced with "disco," like in Bollywood films, where censorship precludes any mention of sex)
Person 1: I'm so drunk.
Person 2: Me too.
Person 3: What should we do?
Person 1: It's time to disco!
Person 2: Yeah let's disco HARD!
Person 3: Yeah! Get out the disco balls.
Person 1: Point your fingers up.
Person 2: Thrust your pelvis.
Person 3: Ow!
Person 1: Can't stop.
Person 2: Won't stop.
by karsonwr December 8, 2009
Get the It's time to disco! mug.