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S$M has many different meanings but to get to the simplest form it means... Slave and master
Ready for some S & M tonight u sexy beast
S & M by vigideo September 22, 2005
1. Metallica Album that has their most famous songs accompanied with an orchestra.
Master of Puppets is good on S & M, but they tuned it a fucking half-step down...
s & m by squash lemming April 19, 2006
The best concert given by Metallica accompagnied by the symphony of san fransisco
Guy : Metallica rocked at the S & M concert !!
Guy 2 : No they didn't they teh su><orz
Angry mob : Beyotch M3tallica t3h rox !! W3 is gonn4 kill yo face beyotch !!!1!1
s & m by Sharki July 24, 2008
An abbreviation for the term 'sex and money'
Dude 1: I'm a rich nerd, have sex with me
Dude 2: I'm a poor hot boy, have sex with me

Hooker: Alright, lets be quick nerd, its all about the S & M.
S & M by cigamajig August 11, 2009
Sex and mockery. Generally used to describe a relationship that is based on sex, in private, but in order to keep the appearance of friendship, they mock each other in public.
Derek: Do you want to go out to lunch?
Meredith: Why are you asking me out to lunch? I thought it was just S & M?
S & M by Lauren Clark December 1, 2007