This word is used by only the most gentlemanly men. The word is a combination of “my” and “lady”, and is the most respectful way to address a woman, or, as gentlemen would call them, a queen.
Typically, a fedora would make you more of a gentleman. Especially if you tip the fedora.
When you encounter an elderly person who is as hot as Channing Tatum on fire in the Mojave desert and in response urinate into ones own cupped palm and proceed to toss the warm waste at their person
May also be used with other substances and with other people.
"This crazy bitch I met just said, "M' Lady!" and tossed a handfull of horse cum at me!"
A greeting used when during a game of Texas hold ‘em poker, a queen of any suit is dealt during the flop, turn or river.
Used formally, and primarily in the United Kingdom, the greeting is accompanied with any of the seated players standing up and bowing in the direction of the dealt card with other players following the first players lead.