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Like your significant other, but not quite. You're not exclusive, but you care about each other a lot and probably wouldn't be totally opposed to being exclusive.

Or you have sexual relations with that person but not really an emotional relationship?

Or, I have no idea what I'm talking about and this is all shit just pouring out of my mouth.
"You must be his squeeze."
squeeze by Link the Amazing October 18, 2008
Just going for a coffee with my new squeeze.
Squeeze by Andy Williams September 20, 2003
what you do to boobs
squeeze by listen to me August 20, 2008
a hug: display of affection in which the arms of one person are wrapped around the torso of another, with gentle constrictive pressure applied.
I am sad, I need a squeeze.
squeeze by melancholycoconut April 14, 2006
Sterno which is separated from the wax by squeezing it through a cloth - often a dirty sock. Sterno is a canned cooking fuel used under buffets and for camping. Squeezing it produces methyl alcohol, (methanol), which produces an intoxication when drank. Its a last resort for an alcoholic who can't afford drinking beer or liquor.
My mom is too poor to drink liquor, she just likes squeeze.
squeeze by Jason Ward January 11, 2005
the one person you can really share everything with and who will be there through the good and the bad not just significant other, but essential
MY squeeze and I are going to the movies. I couldn't live without my squeeze
squeeze by jerrymary August 22, 2007