Acronym meaning "incredibly totally marvelous" or "incredibly totally magnificent" or occasionally "It totally magical", usually used to describe something awesome or amazing
Paul "So how was was Prom???"
Dean "fun"
Paul "How did Maggielook?"
Dean " She looked ITM"
ITM generally stands for 'ITHENTH MYR' in malayalam which roughly translates to WTF in english.It is used to express annoyance,anger or disgust towards a situation or person.Can also be used when your'e confused.