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1.
Attaining a position with noteworthy speed.

Originates from Billboard Magazine's practice of putting a bullet sign in front of chart entries that have moved from one position to another with notable speed.
From High Fidelity: "congratulations Laura, you made it to the top five. Number five, with a bullet, welcome.
by I Shot The Prom Queen February 05, 2006
308 114
 
2.
A figure of speech that is associated to a number in a list. Using this figure of speech indicates that the subject either ascended the list rapidly or is overwhelmingly dominant.

Despite the beliefs of asshat children that don't understand that slang existed prior to 2003, this phrase was not made popular by any specific song, let along a song by 'Fall Out Boy'.

This figure of speech achieved widespread usage in 2001 when the movie 'High Fidelity' was released. The movie was based upon a 1995 novel by Nick Hornby of the same title. Even prior to the release of the movie, many people used this phrase, but it was not widely understood by the general population.

The phrase "Number One With A Bullet" is the title of a 1987 movie and a 1990 episode of '21 Jump Street'.
In 2004 Rachel Bilson was #58 on the Maxim Hot 100 list. In 2005 she came in at #6 with a bullet.
by madisonpraetor March 30, 2006
178 77
 
3.
Billboard Music Charts places a bullet next to any song or album that has gotten a higher rating since the last chart came out. Regardless of how long it took the song/album to achieve this rating, if its number has gone up, it gets a bullet.
"I'll be your number one with a bullet"
- Fall Out Boy
It means I'll be your new number one!
by Mary March 17, 2006
116 65
 
4.
Good, and quickly becoming more popular.

Taken from the Billboard music charts, where a song with a bullet next to it means it is on its way up the charts.
That new Kawasaki is totally bitchin with a bullet.
by Studio Tex March 23, 2006
33 53
 
5.
Used to describe something that pains you to say or do.

It kills you to have to admit it. Hence, with a bullet.

"Number five: Jackie Alden. Jackie Alden's breakup had no effect on my life whatsoever; it was a casual thing and I was glad when it ended. I just slotted her in to bump Laura out of position. But now... Congratulations, Laura. You made it to the top five. Number five, with a bullet, welcome."
---John Cusack in High Fidelity
by all_eyes_on_you February 11, 2006
10 182
 
6.
Another slang term for saying, "number one," as in when you are outlining a list of reasons of some sort.

Popularized by the single, "Sugar, We're Goin' Down," by Fall Out Boy (which is not their best song on the cd).

Don't be surprised if this doesn't catch on.
Without said insertion...

kid1: "So, why are you going home this weekend...?"

kid2: "#1: because I need to see my family..."

*with slang*

kid1: "So, why are you going home this weekend...?"

kid2: "With a bullet, because I need to see my family..."

kid1: "What?"
by Derik September 19, 2005
21 281