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1)Means lover/beloved/darling
2)The most beautiful girl in. the. UNIVERSE. she's the classiest lady you'll ever know with a sexy beautiful bod. Extremely intelligent and independant. She's the best dancer ever because she can ACTUALLY DANCE unlike all those other girls out there who think they can. Who ever has her, word up don't hurt her because you can't find anyone as angellic and wonderful like her. She's a league of her own no other girl can compare. SERIOUSLY. Don't loose her.

Try to beat this description 'cause its spot on.
Guy 1: Is that Premika?
Guy 2: Yeah, she's an angel
Guy 1: No she's a goddess!
Premika by drnkgmr May 4, 2010
Related Words

Medium is Premium 

A mantra that is mainly used in the anime/weeb community to voice their preference in a certain breast size. This phrase is in the middle ground of both mantras, "flat is justice" and "oppai is truth." The phrase is for people who don't like massive anime boobs but also don't like flat lolis and instead like average or normal sized breasts.
Shota: Oppai is Truth!
Pedo: Flat is justice!
Normal Person: Medium is Premium!
Medium is Premium by Snvw September 21, 2020

premium nut bust 

Busting a nut when you stoned is a Premium Nut Bust
premium nut bust by AAP2 January 21, 2021

on-premise 

A completely meaningless phrase often uttered by complete retards who mean "on-premises"
IT idiot 1: Is this configured for on-premise?
IT idiot 2: No you fuck, nothing is.
on-premise by itretard June 1, 2018

Stay Premium 

A phrase which is often said to a male that does not pursue or hook up with a certain female because;

* It is the sister of one of your friends.

* Your friend has already made his intention known that he is trying to get in with her

* You already have a girlfriend

* It might piss off someone that you know

* You put bro's before hoe's
---

James: John's mum is looking at me like she wants to screw me hard!.

Bill: Stay Premium Bro, it's not worth it.

---

Jim: His sister was all over me last night.

Frank: Did you fuck her?

Jim: Nahh, I Stayed Premium man.

---

(Example of Staying Premium)

Bryan: Come on cuz lets go to the movies.

Bob: But I'm just about to cop a root.

Bryan: Fuck man all 6 of us are going come on.

Bob: Alright lets go

--
Stay Premium by XxBokixX December 27, 2011

blue premium bond 

+tommy gives tubbo_ some blue wool+
tommyinnit: blue premium bond
tubbo_: AHHHHHHHHHHHHHHH