1) Used to replace a vulgar or otherwise inappropriate word.

2) Part of an exclamation, used when a person uses a vulgar or inappropriate word.

Currently, the bird is the word. Even though some are unaware that the bird is the word, in most places, every one is talking about the bird.

The bird is the word.

(Taken from the trashmans song: surfin bird. This also appears on the episode of family guy - I Dream Of Jesus)

Beginning to a promise or swear worthy statement.

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An agreement to a statement made by somebody else

1) well said
2)said in a agreement
3) can be used as a greeting, hey whats up