When somone uses a quote from someone/something else as an update on facebook, twitter, or some other live internet feed. It is usually (although not always) a quote from a song that the quoutdater believes makes them seem deep and creative, although in reality it makes them seem like an uncreative douche that listens to too much Linkin Park.
BOB SMITH "time is a valuable thing, Watch it fly by as the pendulum swings, Watch it count down to the end of the day, The clock ticks life away"
SAM ROBERTS thinks Bob needs to do an UPDATE and not a freaking Quotedate for once.
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