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excellent 

NOT so excellent when said sarcastically. Used in a derogatory manner to mean exactly the opposite of its true meaning. Said when a complete SNAFU occurs and usually inflected upwards at the end so that instead of saying the "EX" with more force, you gradually increase the pitch and distress in your voice as you follow through the word. Delivery of "excellent" is an art form mastered by the most sarcastic individuals who have experienced far too many fuck-ups. A cluster fuck expression.
Max: "Remember I told you we won the lottery, well, I took the ticket in and found out that I had a ticket from LAST MONTH'S draw, I felt like a total stooge. Sorry dude, we actually didn't win that $6 MILLION."

Scott: "Excellent!"
excellent by psiscott April 26, 2006

excellent 

Excellent, or Phat may refer to someone who might be classified as obese. Excellent people are usually close minded people to whom you can never explain anything due to many layers of fat in the skull tissue. People who are classified as excellent are usually at risk of heart attack, immobility, and brain damage. Excellency is listed by the WHO (World Health Organization) as a condition, common in 3rd world countries such as Northern Africa and south east Asia. It is a leading cause for infant mortality among women, leading them to only bearing one child. Being one of the worst conditions that ravaged the 3rd world, it is holding it back from coming out of the dark ages into the modern era.
Her excellency may prevent her from having offspring in the future.

Daliyeh has only one child due to being excellent in her childhood.

Excellent 

Excellent is a word commonly used on the xbox live server by the users "Rushlow" and "BIG BAD TREKKIE"
Yo, Sean! I just owned that guy! Excellent.
Excellent by John December 13, 2004

excellent 

A point of inebriation where one is neither no longer drunk, but so far gone that one becomes a total party animal and paranoid at the same time.
Boy 1: "Hey, where's Matt?"
Girl 1: "Oh, he's outside and quite excellent right now"
Matt: "Yo! You talking shit about me?"
Boy 1: "No..."
Matt: "Oh okay....you excellent yet? Get excellent!"
excellent by excellentbigBro October 25, 2011

Excellent question! 

It's a praise that you receive from a teacher after you ask a question which he doesn't know how to answer, but he's too embarrassed to admit it.
Student: Teacher, how do you say 'lock, stock and barrel' in Spanish?
Teacher: Excellent question! It's a very interesting expression! For your homework, you'll have to look it up.

Excellent Volume 

To say something or someone is really good/ cool.

or

To comment on the volume of music.
"Hey broseph how goes it?"

"Excellent Volume"

or

"Hey broseph is that Pokemon blue you're playing, that shit is retro, how does it hold up?"

"Excellent Volume"

Or

"how's the music? Loud enough"

"Excellent Volume"
Excellent Volume by Redtop Studios February 15, 2010