Definition One: To be fly, fashionable, sharp, trendy, chic & such
Definition Two: The state of continuously being ready. Whether it be ready to fight, engage in intercourse, party, or whatever it may be. Also known as being "there"
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).