It is when someone screws you over; such as in the show Price is Right. You bet 1200, and the dick after you bets 1201, thus eliminating your chances of winning unless the price is exactly 1200.
I was gonna get a cream doughnut but the dick in front of me 01'ed me out of it. What a douche.
by Joe Name August 9, 2010
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The term '01' stands for 0121 do one, and is commonly used as a nice way of telling people to 'fuck off'. Generally '01' is followed by a derogatory term and is used by people who shorten almost every word in common tongue.
Person 1: "I might go for a drink tonight."

Person 2: " Just '01' then you mince"
by Bodders91 January 19, 2012
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A suffix attached to any noun to signify this subject as a prime example of said noun. Can be continued using only odd numbers to describe multiple nubs. for instance: noun01, noun03, noun09 etc.
Birl-01- The prime or first birl
"Oh ok asshole01 over here."-roughly translated 'You are the biggest asshole ever'
by ResidentStump July 28, 2009
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International time for discipline.

5:00 crack open the beer.

5:01 the beatings commence.
Bob: "What happened to you?"

Larry: "I tagged a guy's fence and he found me at 5:01."
by studium January 26, 2010
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all these people really be working with 12
what time is it oh its the time the pigs come out 11:01
by youlurkwituelv May 5, 2021
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Also known as: 12:01 A.M., zero hundred one hours.

The time of day, after 00:00 and before 00:02.
- Hey, what time is it?
- It’s 00:01 (zero hundred one hours).
by Yamato Yamamoto May 13, 2021
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