1 definition by That guy, you know who...
A lady who is indeed more than just a friend. The relationship has not moved far enough to for her to be a girlfriend, therefore "Lady Friend" fills the void that currently remains between friendship, and relationship status.
Phil: "Hey Dennis, so whats going on with you and Megan?"
Dennis: "Dude we hung out on saturday, she my new Lady friend!"
Phil: "Nice!"
Dennis: "Dude we hung out on saturday, she my new Lady friend!"
Phil: "Nice!"
by That guy, you know who... December 2, 2011