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1) (v) Hanging around with friends of family.
2) (n) A casual gathering of friends and family. "This lime has no juice", this gathering is dull.
lime by VAKI5 October 23, 2003
Related Words
To casually relax with a group of close friends or family. Sometimes occurs in the presence of alcoholic beverages.

Originated in Trinidad and Tobago in the 1070s and has found widespread use in areas where Trinidadian immigrants congregate.
Gordon, Jeff and I had a good lime outside.

Taylor, are you liming tonight?
lime by Drellos August 8, 2005
To mean "great" or "excellent" or any other positive expression.
"Have you heard Green Day's new album? It's lime!"
Lime by spudd32 July 23, 2009
A defective "green" car like a hybrid or electric vehicle (e.g. Chevy Volt, Fisker Karma). A play on the term lemon.
Dude, did you hear about how Consumer Reports bought a $100,000 hybrid and it broke down on the test drive?

Who'd spend 100 G's on a lime like that?
lime by kalvinistken July 28, 2012
it's a fucking fruit you jackasses!
If I heard anyone say "lime" instead of "hang out" i would probably punch them in the face
lime by Xizor February 28, 2008