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1.
Army-speak. Short for "Situation Report". Given by a high ranking officer that claims he/she wants to either fil a situation report or wants one filed by a subserviant officer.
Office: Private, what's your sitrep?
Private: I've been shot in the privates!
by H.T.J April 07, 2005
 
2.
Situational report. Also it could mean what are you doing or where are you.
"I need a SITREP of our truck that fell off the cliff"
by du knodc May 28, 2006
 
3.
Situation Report. Used commonly during radio transmissions or situations requiring shortened sentences, such as during a battle.
"Whiskey 4, this is Charlie 1; What's your sit-rep, over?"
"Charlie 1, this is Whiskey 4; situation is nominal. Over."
by Richard Arthat July 13, 2007
 
4.
Short for situation-report. That is, explaining the situation in regards to any particular matter.
What is the sit-rep with that chick?
by Rob112 March 10, 2008