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1.
1) to recognize; 2) to acknowledge the correctness of another's position
1) "She should be easy to recolize."
2) "You betta recolize!"
by OC Wordfixer March 15, 2004
 
2.
to recognize and realize at the same time.
Mike: "Oh, snap. are those the fresh new Retro Jordans just released?"
Jay: "recolize son!"
by Daytona 675 February 21, 2007