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literate 

1) A person possessing reading and writing skills that remain acceptable by the standards of the English language.
2) A member belonging to the nearly unknown society of persons able to string a sentence together without the addition of such terms including ur, hott, omg, lolz, wft, and so forth...
Literate: Did you see that girl knock out the math teacher?

Non-Literate: omg did u see tha mofo slung that fag in his fuckin ballz??

(Grammar error fixed by CPU Killer)
literate by CPU Killer January 31, 2005

Liberterian 

A Not-So common misspelling of the word Libertarian.
Ron Paul is a Libertarian NOT a Liberterian.
Liberterian by Ikilluhh February 12, 2009

Liberate a Shit

To release ones bowels. Another term that is fun to use for taking a crap.
I have to Liberate a shit, if you need me I'll be in the bathroom.
Liberate a Shit by The Minister December 28, 2005

Libertard 

Mix of libertarian and retard, used to denote a libertarian who is idealistic and has unrealistic expectations for a hypothetical libertarian society.
This libertard the other day was telling me that if we removed all economic regulations the rising tide would lift all boats. Since he's a libertard, he didn't even think about the 19th century implementation that resulted in slavery, wage slavery, poorhouses, slums, child labor, and numerous economic crashes.
Libertard by Snakes on a Wii July 11, 2009

Literate 

Able to read and write in one's native language. The opposite of 'literate' is 'illiterate'.
You're not smart. You're not even literate!
Literate by Diggity Monkeez February 13, 2005

Operation Iraqi Liberation 

A brilliant post-9/11 strategic maneuver created by George W. Bush to liberate the oil from the ground while shooting at innocent Iraqi civilians and replacing Saddam with yet another puppet dictator.
Thanks to Operation Iraqi liberation, millions of Americans can happily fill up their gas-guzzling SUVs.

Hooray for Bush!