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A term used to tell someone that you made a mistake and apologize at the same time. Originally Used Mostly by African Americans but over the years it has become a more mainstream term; so it is not uncommon any more to hear anyone else (possibly in the professional world too) say it to admit to making a mistake.
Teacher: The answer to #1 is B (then he show his work)
Student: Sir I believe you are wrong. (student explains their answer)
Teacher: My Bad you were right and I was wrong, sorry for the misunderstanding
My Bad by Yourname2 December 24, 2008
Related Words
It's not despair, but not that good either. Lacking enthusiasm.
My life is not bad, however it's not as good as I had hoped it would be.
not bad by riverboat October 3, 2012
A grammatically incorrect way of acknowledging (facetiously) a wrongdoing.
Used very commonly by gangsta-wannabes and other sorts of conforming posers, the terrible grammar tends to drive literate people up the wall in absolute irritation.
"Jared! Did you drop the baby?"
"Oh. Ha. My bad!"
"WHAT THE F?!?!"
my bad by FranzMerlin January 23, 2006

Big Bad Brad 

Brad Delson of Linkin Park, guitarist with kick ass fro.
AKA BBB
Me: Big Bad Brad is the only white guy who can pull off a fro.
Big Bad Brad by Kel Shinoda November 3, 2007

stank dis bad ting up 

wat you should do at parties.. you know..
Hey everyone let's put on Oprah and stank dis bad ting up!!
A term currently used when a mistake is made on your part. Allegedly originating from an unamed African Basketball Player in the 1980's (who spoke very poor english)who said it after missing a free throw. Several Sportscasters heard the phrase and used it as a joke until it became a part of popular culture.
I just sat on your mom, my bad,
My Bad by JorSi December 28, 2007