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Giving credit for something, usually a line of dialogue, use of a word in a particular situation, or a concept. Giving props to the person you just quoted. Popularized in 90's Usenet newsgroup lingo, still used occasionally by old schoolers in the know.
so I said to him, 'if you ain't talkin' to me, who the fuck are you talin' to?" ($1 DeNiro)

Screw you guys, I'm goin home. ($1 Cartman)

So of course, while the car is stalled in the intersection, don't I get cited for obstructing a fire truck. ($1 Murphy's Law)

by OldFart77 November 28, 2007
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The lowest possible bid one can make on 'Contestants Row' on the Price Is Right.
Thinking that everyone else overbid, Rob bet $1 for the golf set.
by GTI_Guy September 28, 2006
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A buck. (Not a deer.) (Or a moose.)

One dollar.

Some stupidly named variable in Perl or BASIC or some other useless, loosely typed programming language.

"Gimmee $1, I need a Snickers"

if ($1=="stupid") {
print "Who is stupid enough to use \$\1 as a variable name? Perl sucks\n";

by Real Coder April 26, 2006
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