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An intentional gap in time used to advance a story without filler material. It is commonly used in film, novels, television and video games, to mark the passage without the intervening events being explained in any great detail, or merely in passing.

Timeskips can be as short as a few hours or bridge entire years' worth of happenings. It can also work in retrograde, though this is not as common.
Go watch a movie. Any time the screen wipes from a daytime scene to a nighttime scene in the same area counts as a timeskip.
timeskip by The Almighty Pez February 21, 2007
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Time haters 

First used on the chappelle show, a sketch where three african american men and a chinese-american man go back in time to the 1800's to call a single slavemaster "a cracker" then later a honky.
"We are the time haters and we have travelled all the way through time to call you a cracker "

The time haters also went on to explain the word cracker and its origins.....

Time's up 

A reckoning. Face the music. You're going to get what you deserve
Time's up. The end's in sight and you better face the consequences of your deeds
Time's up by CCPhilly May 26, 2017
Tímea is the best girl. She's nice, smart, funny and SO so pretty. She loves listening to old rock bands and watching old movies. She's fierce. She knows what she wants and she'll get it. Learning new things and exploring the world in every way possible is her hobby. The power and range of her imagination is extraordinary, so it's no surprise that she's good at writing.
Tímea is the best. We should all strive to be like Tímea.
Tímea by omg__me October 16, 2019

Wanking Time 

A period of time in a day, or over multiple days, designated specifically for premeditated wanking. Often used by, and possibly invented by the British. Is more sophisticated than random wanking because of a longer period of time for preperation and clean-up.
"Sorry but in less than an hour its wanking time, I just can't meet with you today"
Wanking Time by nubcake October 16, 2006

Squeeze Time 

The time after you've jacked off and are just sitting there while your cum leaks out onto a towel.
- Hey Jack can you turn your webcam on?
- Sorry, I;m having my squeeze time right now.
Squeeze Time by brob4ho1111 January 22, 2010

Filo Time 

The act of being as late as a filipino, can be arriving to or starting an event. Originates from the philippines as traffic will always make you late. Usually relates to 30min - 1hr late.
Miguel "wasn't the show supposed to start at 7?"
Rica "oh they are running of filo time"

John "wheres rob?

Steve "filo time"
Filo Time by OAU January 11, 2011