1) Short term for the word "Materials". Mostly used in MMORPGS as items required to craft or create a certain item.
2) A group of malays. May be a rude referenace.
"Hey, if you want me to encant this weapon free of charge u gotta give me the mats, dude."
"Holy shit, this club is infested with mats. Yeah. Cheeky monkeys, poser paradise."
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