Like that of the high fashion, high dollar perm hairstyle. The word "perm" is used when describing something that is fantastic, brilliant, amazing, specialetc...
That mixtape is soo perm!
You should come to the party tonight, it's gonna be perm.
It would be soo perm to hook up with that beautifulbaby.
n. A slang term that refers to a penis (usually a chode) that gets stuck inside a womans vagina, not the anus, and wont come out. However, it only becomes a perm if the partners are seen in public stuck to each other.