An exclamation intended to commemorate the occurence of a witty, jovially insulting, hilarously harsh or awkward comment, as well as lubricating the passage of conversation so as to facilitate further banter in the near future. It is most effectively used as a stand-alone catchphrase or vocal tool to break the awkward silence, indicate your approval of the previous comment or assert your position as the alpha banterer, or, in rarer circumstances, an effective "banter beacon", defined as one able to signal the presence of banter within moments of it appearing. Has been known to be used as a noun in the previously described ways but is certainly better employed as a single exclamation, leaving explanation of its context to those immediately adjacent to the utterer of the word. Has known to be used in conjunction with "Lad!" throughout history.
girl: "why do you keep throwing stones at me?"
boy: "probably because i don't ever wanna have sex with you"
banter beacon: "BAAAANTER!!!!"

mandem: "shu-hutt your mouth or im gonna stab you blud"
banter beacon: "i think that calls for...BAAAN-TERRR!

"*innocent comment by someone more socially vulnerable than you*"
...silence...
"BBBBBBAAAN-TERRRRRRR!"

"you have to start taking this more seriously or you'll mess it up for all of us"
"............SHUT UP"
"BANTER!"

head: "im afraid you're being expelled for what you did"
banterous individual: ".....im afraid you're being expelled for what i did"
head: "please, im trying to help you finish with your dignity intact"
banterous individual: "...that's what she said"
hidden banter beacon: "BAAAAAAANTER!"
by twelfth elf June 06, 2010
Supple term used to describe activities or chat that is playful, intelligent and original. Banter is something you either posses or lack, there is no middle ground. It is also something inherently English, stemming as it does from traditional hi-jinks and tomfoolery of British yesteryear.
"You, sir, are drunk"

"Maybe so but you are ugly and I will be sober in the morning"

"Good banter sir"
by Zach_banter February 16, 2006
Conversation that is witty and at the same time abusive. Formerly an "in" word, but no longer cool due to it being used excessively by children.
Parent: So what did you do at school today Timmy?

Child: BANTER LOL

Parent: Shut up
by DO NOTWANT September 19, 2010
A word used to describe the teasing and pisstaking which occurs between mates, usually harmless.

However, the past couple of years the word has been hijacked by Justin Bieber lookalike student "LAD" twats who use it to describe anything humorous that occurs. These people are also known as chino wankers, annoying morons and people who need to use a dictionary now and again.
What banter is:

"You alright Mike? You seem miles away, you're not busy thinking of Tanya are you? Don't even lie, you proper fancy her, you div!"

What banter isn't:

"LOL LAST NIGHT DAVE WALKED INTO A LAMPPOST! EPIC BANTER LOL! WHAT A LAD!"
by chinosareugly March 15, 2013
Verbal sparring that's fundamentally friendly, especially needed to deflate the egos of gloating friends
A banterous initiation to said friend:

"I wonder if your ass gets jealous of all the shit coming out of your mouth"
by bobzilla November 01, 2012
The new word for bullying
"oh its just abit of banter"
by MissImmie February 17, 2012
replacing the first letter of banter with the first or second letter(s) from the type of banter it is.
Types of b-anter:

fanter = football banter
santer = sexual banter
shanter = shit banter
ranter = racial banter
ganter = gay banter
hanter = holiday banter

the list is endless
by balls_deep_10 November 24, 2010
A term now applied to what was previously known as "Conversation" (if explicitly referred to at all) by a generation whose aspirations have been systematically lowered (due to endless hours of social networking and reality TV) to the point that events which occur naturally, everyday, everywhere are now praised and honoured as achievements.
"And then I put the pen back where I got it from"

"Lol BANTER"

*high five*
by EHansen The Third January 03, 2012

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