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A word used when you agree with something; or when you want to recognize someone for being themselves, i.e. courageous and unique or not caring what others think. Especially common in online political slang.

The opposite of cringe, some times the opposite of biased.

The latter usage is the original use as coined by rapper Lil B, and the word originally took off on the meta-ironic website 4Chan with the latter meaning. For that reason the word is largely used meta-ironically (without context you can't tell if it's being used ironically or sincerely as it's used in both ways) and was popularized in online political slang of conservatives and the political right before being adopted into mainstream online political slang (likely through shitposting websites or subreddits such as r/politicalcompass memes that are similar to 4chan in their meta-irony and "edginess" but contain a wider variety of political beliefs) and eventually adopted into general online vernacular.

When used in online political language it can mean "based in fact" or the opposite of biased due to the number of people who saw it being first used seriously by the online political right and came to the conclusion that is was related to the phrase "destroyed with facts and logic" in reference to right wing personality Ben Shapiro.
Example 1: meta-ironic

Shitposter: Posts gif of funny monkey Return to monke
Commentor: Based

Example 2: meta-ironic
4chan Anon 1: I'm going to commit hate crimes
4chan Anon 2: Based

Example 3: Politics
Leftist 1: There is no ethical consumption under capitalism.
Leftist 2: Based.
based by leftistmonke November 25, 2020
Related Words

Ooya Basket 

A proper Leicester phrase used by natives of Leicester.

This phrase is used when a sudden or surprising moment, event or experience takes place which generally involves shock, amazement or awe.

The word "Ooya" precedes the word basket the more the moment or event is amazing or astonishing.

The uniqueness of the phrase "ooya basket" also requires the one who utters it to strech the two words to further emphasise the astoundment of the moment or event. This can mean that the phrase can end up as "oooooya baaaaaasket!" when a crazy incident takes place.

This phrase can be heard on a daily basis on the streets of Leicester.
ooya basket thats mad!
Ooya basket did he really do that!
Ooya basket what a KO!
Ooya Basket by Taro Baap! May 15, 2018

casserole basket 

casserole basket is a phrase used that means something completely ridiculous, with no meaning purpose or intention. This phrase has been deprived from the minds of Aimee and Sophie and originated from Carole Baskin. The thought of it is that you would never put a casserole in a basket therefore proves to be utterly ridiculous.
the UK's demand for toilet roll during the corona virus pandemic was completely casserole basket.

Uber baked 

Being off your ass high on that Ganja, Mary Jane , Marijaminj-Etc
Congratulations Joel you are now Uber baked

Clam Basket 

When a female drops trow and presses her bare ass and mule lip up against a restaraunt window while the victim is eating. Female version of the fruit basket.
These shitty nacos were kicking my gag reflex until Lisa Loadlapper gave me the clam basket. I'd sure like to fill her cooch with my load.
Clam Basket by Tommyshocker November 18, 2005

Bastard from a Basket 

An insult used to offend adopted child or orphan.

Taken from the film There Will Be Blood when Daniel yells it to his adopted son.
You're not my son, you're just a bastard from a basket
Bastard from a Basket by jariki August 12, 2010