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To preem is the act of being so horny that you precum.

The more litteral sense of cumming your pants.

Nobody cums their pants unless they are on a Tokyo Subway but you would totally preem yourself over the girl across the road.
Chris: Look at Morgans ex over there flirting with Katie.
Paul: Yeah, he's preem'n.
by Arpaburch Cup January 16, 2011
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2
Slang word used to describe something that is "Premium" or the top of the line. Can be used to describe just about anything.
1)

Johnny: ay homie, check out these new kicks i copped at the sto(re)...

Big Syke: yoooo son, them shits is preems

2)

D-Boy: Anybody lookin' to grab? You know I always got that preems chronic, dat piff...

Fiend: worrrddd, yo can you front me a quarter homie? I don't got the scrilla right now mang..

D-Boy: you best get your broke ass up out my face homeboi, this chi-town's finest, and i ain't goin' out like no sucka
by DatDude15 August 06, 2009
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3
Preem means something sweet. Shortened version of preemo.

"Fuck yea, that's preem!"
"I'm gettin' wasted tonight, it's gonna be preem!"
by Magzzz July 26, 2006
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4
A shortened version of the word Premier(the elected governing body for each of Canadas' provinces) used in newspapers to save space in the headlines.
*Headline*
More taxes to come!:says Preem
by Paul J Parkinson September 07, 2005
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6
Word that annoying little preteens use to sound cool. Supposed to mean awkward but really makes you sound like a dumbass if you use it. Symbol of social awkwardness.
That preem moment when you use preem.
by imsonotpreem February 27, 2011
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