lite 

Light--20% fewer letters, same great pronunciation!

Used to describe a new product or trend that is healthier, cheaper, or wussier (but rarely all three) than the original.

See Miller Lite, Kazaa Lite, lite rock.

In its proper use, lite should appear AFTER the noun it is modifying. This gives the term an appropriately quirky feel.

Your local community college--University Lite.

lite by Lady Chevalier June 24, 2005

lite 

a term generally famous among Indian engineering students for referring to something unimportant or something which is not worth paying attention to

"I am so sorry I forgot your birthday."
"Lite dude! Not a big deal."

lite by This_is_serious August 1, 2015

Lite 

A once powerful word thrown in to keep shit chill but was recently misused without context and destroyed by a legend. This was one of the biggest oofs mankind has witnessed till date.

A:Hey, we should go for a movie sometime.

Lamba:Lite
B:I'm feeling sleepy man, how do I stay up?

Lamba:Lite
C:Do you accept her to be your lawfully wedded wife?

Lamba:Lite.

Lite by transcend6969 December 21, 2018

lite 

A scaled-down version of a software product, offering only a limited set of features, often free, otherwise much cheaper than the full product.

This is often used as a way of getting buyers who are interested to pay for the full product when they wish to use the features that the lite version does not support.

Sometimes there is a lite version of a product that even has a free version with more features, but not everybody requires these features.

BuzzSoft Lite (made-up example)
Winamp Lite (real example)

lite by bylli May 20, 2009

lite 

take it eazy, let it go, dont bother yourself

a very popular word in Hyderabad, India.

A: I think we'll be punished for this.
B:lite. nuthing will happen.

a:do u think i shud go say sorry to her?
b: lite.

lite by vandana merani September 5, 2005

Lite 

Describes something that is awesome or cool.

Those shoes are lite.

Have you seen the new game design? Yeah it’s lite.

Lite by Dr Romeo November 18, 2018

lite 

-(light)- something that is easily done or accomplished
-not much

-dam nigga, you be reppin 250 easy
-suttin lite

lite by Jack PP June 6, 2007