Top definition
A large group of the exclusively elite.

Not many are sure what exactly this club is, but its secrecy has led to several conspiracy theories:

a) starbucks special deal on carrot lattes, three for the price of 2.

b) a female escort and/or body guard service

c) <3
a) "Hi and welcome to Starbucks, have you tried our new Carat Three deal? Three carrot lattes for the price of two!"

b) 1. "Gina, what happened to your face?!"

"Carat three busted out some moves after I got too close to that hottie in the band."

2. "Call up Carat Three, they are so hot and we need some girls at the club opening!"

c) "<3"
by enlightened jen May 16, 2006
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