A story often told by a good friend or significant other, of which you are obliged to listen; A story which you must listen to, as to not offend the delivering party.
"1: I was late to the bar because my girlfriend told me the dumbest obligastory as I was walking out the door.
2: What a dumb cunt!"

"I wanted to leave work on time but my supervisor started on this long obligastory..."

"1: This one time at band camp...
2: Is this an obligastory? Or can you shut the fuck up? The Man Show is on"
by Dicktionary Mastah February 13, 2013

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