to socialize with your friends, whether it is of your choosing or not; most of the time the term is uesd to refer to a type of fun.
me n chip were hanging out.
a usually offensive slang term used by a totally non-hip German teacher (that is actually Danish) to andother totally non-hip or shall i say cool, science teacher name miss Sloan.
The term is now used as a reversal compliment and can easily offend someone if spoken the right way, which is in a deep, smoky Mrs. koler type of talk.
___hey u,i like your jeans.
---hey buddy(angery).. i dont appreciate that slightly offensive term that is in a mrs. Koler voice.. ok?
___no dude.. i really like your jeans.. they are very fashionable