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When you encounter an elderly person who is as hot as Channing Tatum on fire in the Mojave desert and in response urinate into ones own cupped palm and proceed to toss the warm waste at their person
May also be used with other substances and with other people.

"This crazy bitch I met just said, "M' Lady!" and tossed a handfull of horse cum at me!"
M' Lady by FoxyMrah June 24, 2018
What you call the girl of your dreams. If someone calls you m'lady it means he is desperately in love with you. Ladybug should Marry Chat Noir already.
M'lady by Skejidbd January 25, 2020

M’lady 

This word is used by only the most gentlemanly men. The word is a combination of “my” and “lady”, and is the most respectful way to address a woman, or, as gentlemen would call them, a queen.

Typically, a fedora would make you more of a gentleman. Especially if you tip the fedora.
Something you must say after tipping your fedora, whether it's talking to a dog, a man, or to yourself, it's proper manner.
m'lady by -flyingfxck- November 1, 2017
A word chat noir call ladybug
(Also bugaboo)
Chat Noir:"Hey M,lady!"
Ladybug: "Don't even think about calling me bugaboo either."
M,Lady by Miiko May 21, 2021
Term used by servants and the underclass for an uppercrust lady.
M'lady is a diminuitive of My Lady which it'self is a diminuitive of My Ladyship
Our Victorian forefathers would have used these terms. It is an archiac term.
Made socialy acceptable and stereotypical of Pearly King and Queen types and the lead Dick Van Dyke from the film Mary Poppins and others in the genre. The Cockney accent became a marketable and charming odd ball accent valued by America's film goers and thereby promoted worldwide.
It was cheeky, rough and ready , lower working class and cute especially to American women. I theorise that there were many, many WWII brides from Britain living with their Yank husbands in the USA who themselves promoted such films because they missed the accents and sound of the British working class from whence they came!

Was also a sneer when used in certain tones and timing! A kind of "Yes M'Lady!!" in a sneering nature denotes that the servant had had enough of the boss!! The staff member would have definately been let go or sacked as a result of said slip!

Also used by male to address a female when said couple are very much in love.
"My heart and soul is yours M'Lady"

My Lady, My woman, My mate, My lover
Romantic language, poetic and archaic.
Term still used, mostly by song writers.
m'lady by Marian_50 July 21, 2005