MILFY TIME is when a man goes out to club, bar, ect; for the sole purpose of finding an older woman to be with. Whether it be for a sexual encounter or for a serous relationship.
(Man 1) Where do you want to go tonight? (Man 2) I wanna goto the Blah-Blah bar. (Man 1) But most of the time that bar is full of MILF's. What about dating someone your own age? (Man 2) F**K That! Anytime is MILFY TIME for me!