The art of drinking just enough to relax without losing the skill and complexity of fucking canadian trollops with abandon.
(Oh,sorry, thought this was a canadian dictionary!)
You need to show some moderation there, eh, you don't want to get pissed or that young canuck will bolt all the way back to cowtown.
Used in message boards when a offensive message has been taken down by the message board's administration. Often used as "Mod" or "Moded" for slang. (Mod can also be used as a noun for a Moderator)