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2.
-to decline an offer.
-something cocky idiots say when they think they're cool.
-Dick: "Hey man, let's shave our asses, drink a gallon or pepto-bismol and then go see ashlee simpson in concert!"
Bob: "..naw i'm cool."

-Dick: "I'm cool"
Bob: "No you're fuckin not"
by st3vee August 29, 2005
 
1.
Something that stupid people say after doing something stupid.
"Im cool, Im cool," Jeff said after falling into a snowbank.
by enterthedavid March 03, 2005