Mate, last night I paid that prostitute 100 dollars, took her back to my place and did the columbian comakazi all night long!!!! 'whats the columbian comakazi?' mate you rack a line of coke on a girls asshole and sniff it off - you need to keep up with the REAL!
Abbreviation of japanese expression Chotto Mate which is the informal version of Chotto matte kudasai
It basically means Wait for a bit.
In other situations it could be translated as 'no', because some japanese people use it to say no in the least offensive form possible.