An event with a 2% chance of happening, or any event which is rare or unlikely to occur.

Can be shortened to just milk, which may also be used for anything that's 2%. See also: milk charge
Note to the reader: Anything less likely but still possible is skim, and nobody evens wants to deal with that; untouchable (in a bad sense).
Andrew: My boy is dead set on having his wedding outside next month. You think it's gonna rain??
Trace: Nah man, milk chance in August.

Stacy: What are the odds we get a bite to eat sometime?
You: Milk chance!
by teachmrj June 21, 2019
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