The thing you say to your 20 Year old son after cutting his right arm off in an epic battle sequence.
Luke: You killed my father!
Darth Vader: No, I AM your father!
Luke: NOOOOOOOOOOOOOO!
Darth Vader: YEEEEEEEEEEEEEEES!
Luke: Why'd you cut off my Arm?
Darth Vader: ...
Its the word everyone uses when someone just told you something and you literally can't come up with anything else to respond with. So in essence you use "I see"
Also used when you hear something really nasty or something you just could have gone without hearing you commonly use the words "I see"
Yo so dude, check it out... I went out with Jessica last night and things got crazy. *The dude who thinks he is so uber cool, goes on about the sick things he and Jessica did* *5 minutes later* Yeah so it was freaking awesome!
*Other friend* I see...
A woman who meets an attractiveness threshold above which you would easily forgive minor transgressions such as eating crackers and leaving the inevitable crumbs in your bed.
The British version "I wouldn't kick her out of bed for farting", while similar in spirit, lacks some of the subtlety of this version.
Lindsay Lohan might have a little nose candy problem, but still, I wouldn't kick her out of bed for eating crackers.