An old way of saying thank you; often associated with the Deep South and/or the Bible Belt, or the stinking rich
Jeeves: I've finished tarring the roof of the estate, sir.
Rich guy: Much obliged, Jeeves.
Jeeves: Thank you, sir.
Rich guy: Much obliged, Jeeves.
Jeeves: Thank you, sir.
by PeterTheWall October 18, 2008
by PeterTheWall January 18, 2009