Old school baseball game where one person fungoes (that is, throws the ball up and hits it) the ball to a group of people who earn points as follows: 100 for catching it on a fly, 75 on one bounce, 50 on two, and 25 on three or more. The first one to 500 points is the winner, and assumes the fungo role.
Cecil: Hey Booker, let's get Evel, Bjorn, Mookie, and Dusty and have a few rounds of 500 down on the corner lot.

Booker: Ok, I'll bring the bat, ball and Stroh's

Cecil: Sounds good. I'll start off as the hitter.

Booker: That's fine, since it'll be the only chance you'll get!

Cecil: Ok. See you there.
by ChicagoTim July 18, 2009
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500 days is a typical term for a guy/girl relationship. Came in use after "500 Days of Summer" movie.
- You're dating him almost a year! Do you want to marry him or something?

- Gwad, no! He's just another 500 guy.
by Ferdinand Heisenberg October 12, 2009
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A term for breaking even, used in gambling and sports win/loss records.
Our team went 500 because our record was 16-16.
by Sharzak September 29, 2005
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The ultimate goal on GameFAQs. To get a topic to 500 posts is the epitome of pure awesomeness.
Topic: Post here for 500

*gets to 500*

The TC is now a god.
by NM3k June 3, 2007
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"Sittin' in my 500 on 20's sittin' low..." ~Ginuwine
by Jesus December 3, 2004
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A less overly exaggerated version of a million
I've seen Star Wars 500 times!
by SWFan29 January 31, 2010
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to get your seat back at a party or were ever you get up from your established seat.
When I stand up from my seat next to some fine lady Im like "yo, I got 500 on my seat. fool!"
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