1. an abbreviation for "K (space) Laters" or "KK (space) Laters" often followed by a comma, a series of commas, an exclamation point, and very rarely a question mark.
2. the briefest and cutest way to say farewell to a friend besides a physical kiss or a hug. sarcastically, it may be used to show great disdain, contempt, fickle weariness, or social rejection of the 'friend'
Amy: Those cheese fries look SO good!
Sarah: Then why don't you go buy some?
Amy: Imma go buy those cheese fries! /waves KATERS!
Ricky: And that's me kicking your ass at Soul Calibur!
Alejandro: And that's me going home, JERK!
Ricky: KATERS..
Alejandro: Double JERK!
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.