1. The thousand-year period (or
decade) starting in the year
2010.
2. An second chance for those who missed the real
millennium celebrations because they believed the
Y2K disaster hype and spent
New Year's Eve 2000 locked in a concrete bunker anticipating the end of the world (which is now slated for
2012).
3. A more impressive-sounding name for a 10th anniversary, an alternate word for
decade, which is too similar to "decayed" and "
decadence" to sound as positive.
"This
New Year's I'll be partying like it's 2009 cuz it's the start of the new miltennium!"
"Since there's no
Y2K10 bug, we can ring in the miltennium by celebrating instead of worrying like at the
millennium."
Urban Dictionary has been around for a whole miltennium!