Top definition
A quick way to end a conversation when you have other, more pertinent things to do. Often used when talking to old friends long distance.

It's a nice summary in that a) you acknowledge what has been said b) you verify that you need to go & are exiting the conversation and c) you will talk to them again soon.
Person1
I really need to go.

Person2
Hey, I talked to your mom the other day.

Person1
...okaybyefornow.
by Amy T. May 31, 2007
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