A phrase used when a person believes they are owed something (e.g. a favor), and the time for that repayment has come.
Often, the person(s) who the phrase is directed at is unaware of the need for repayment.
Dennis & Sally: Hi Frank, congrats on buying your new condo! Can you believe it was only six months ago when you were helping us move into our own place?

Frank: Good point- It's time to fucking collect!
by Joe-288 April 3, 2006
Get the It's time to fucking collect mug.
A phrase used when a person believes they are owed something (e.g. a favor), and the time for that repayment has come.
Often, the person(s) who the phrase is directed at is unaware of the need for repayment.
Dennis & Sally: Hi Frank, congrats on buying your new condo! Can you believe it was only six months ago when you were helping us move into our own place?

Frank: Good point- it's time to fucking collect!
by Joe-288 March 16, 2006
Get the It's time to fucking collect mug.