1. sarcastically when you are talking about someone else. This usually means he/she has ditched an event, because they are too cool or tries REALLY hard to "act" cool. for example: being indian and walking with a limp or obnoxiously telling everyone about how they didn't do their homework last night.
2. jokingly when you are talking about yourself. This usually comes up in a conversation likeee shown in the example box. can also be used to flirt when you use it right.
boy: "why are you wearing such a baggy jacket?"
girl: "cause that's what cool kids do.(;"
boy: "dudeeee i TOTALLY didn't study for this test, i was too busy prestiging in black ops and textingg."
girl: "wowww, whatta cool kid."
3) Casual sex
Any one of these acts are classified as cool, but to become a certified cool kid you must have taken part in all 3 activities.
True cool kids excel in all 3.
His Almighty Coolness
Ritter and Chun: You are such a cool kid.
c: fuck, they are pretty gay.
COOL KID'S waiting!!!