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1.
Proper recognition
I give him props for sleepig with Venessa
by Greg August 22, 2003
 
2.
Props is short for "propers" as in, "proper respect"
On 13 Dec 2001, Joe M**** answered the question on Deja News. Here is how it is explained:

Props, short for Propers, -Don't forget that the entire word "propers" is used in the song "Respect", written by Otis Redding and most famously recorded by Aretha Franklin in 1967. At least, I think it is ("all I'm askin' in return honey is to give me my propers when I get home")-
by Francis Kansas September 29, 2005
 
3.
Slang term for "accolades", "proper respect", or "just dues". Popularized in the 1980s by rappers who shortened the term "propers" which was in turn being used as an abbreviated version of "proper respect" at least by the 1960s. The increase in this term's usage during the late 1980s and early 1990s coincided with an increasing fascination with the mafia within rap circles. Both communities have traditionally placed great emphasis on the importance of earning and giving respect.
My four-year-old son is the king of Chutes and Ladders, but punk neighbor kids won't give him his props.
by bluedevil July 20, 2006
 
4.
respect, recognition
Gotta give that girl props for her web site...
by VAKI5 August 18, 2003
 
5.
to give recognition to another person, usually for behavior
"Props" to you for that comment
by jaxstraw April 11, 2005
 
6.
urban slang for respect

(could i say that being more white? I think not)
hey man that was a nice shot, I give u props man
by ashdfklsdf November 24, 2004
 
7.
giving proper respect to an individual or group
You can circular breathe? Props to you!
by Bungalow Bill November 18, 2001