1. A word used to refer to a specific person, creature or sometimes an object. Referring to someone/thing with a name often implies having some sort of personal connection to said person/thing, though this is not always the case.
2. A god-awful trend on UrbanDictionary where a person takes their own name, or the name of a friend or significant other, and submit a definition of said name having a large amount of positive attributes associated with it. This is done to imply that anyone with that particular name has said positive attributes (such as being athletic, charismatic, etc.), and is usually done for the purposes of ego-stroking.
Basically your name is pretty much a label people use to define you. Also, if you have a generic name such as Bob, Joe, Fred, etc., you are pretty muchthe perfect guy. Seriously, look up an overused name right now.
Tim looked up his name on urbandictionary and found out his name meant that he was a smart, athletic, and an all around perfect individual. Ironically, Tim has never had a girlfriend in his life and he is currently dropping out of school because of his obsession of World of Warcraft.
What seems to be very common on this site. People will put things such as, "Jake: a cute, funny guy who gets all the girls..." and other stuff, despite this being a site to learn about slang.