In the United States. If used by an American, the term generally sounds affected, designed to imply that the speaker/writer is a world traveler or an expatriate.
"It feels so weird being stateside again", sighed the student returning from her junior yearabroad.
Like to fantasize, except in this form you update your Facebook/MySpace/Etc. Statuses about a person you usually adore. Is often seen as creepy and looked down upon.
Statusize in place - "You know when you don't respond I think about it for hours afterwards? But its pretty much OK. Cause I'd be thinking about you anyway."
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).