a shortened version of rating something, usually the looks of a girl. It started from somebody asking "what would you rate that girl, 1-10". ppl then shortened it to i rate it, meaning i would take the time to rate that because she is hot enough to catch someones attention. If somebody walks by unoticed because she is not hot, she does not deserve to be rated, so nobody would "rate it"
Therefore: I rate it is a way to let somebody know that a particular girl is hot
* A Hot Girl Walks By *
man 1: I rate it
man 2: yeah i agree shes damn sexy
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.