A long-standing and well known magazine. It has a "man of the year", which has in the past been won by Queen Elizabeth II, simply for coming to the throne and making a few speeches, and Adolf Hitler.
I was Time's man of the year!

So was Hitler...

Not twice he wasn't!

--From some movie
by Kung-Fu Jesus April 28, 2004
A spineless magazine that has just been proven to be a puppet for the ruling elite, by electing Mark Zuckerberg as 2010 Person of the Year, who got 18,353 votes and placed 10th, to Julian Assange's 382,024 votes, who placed 1st, and ahead by 148,387 votes of second place's Recep Tayyip Ergodan, the Prime Minister of Turkey as of 2010.
I have lost all my respect for Time Magazine.
by tylerdurden89 December 15, 2010
A very far left magazine that dared to publish the location of Dick Cheney's bunker, and now are probably going to sued and/or jailed.
by ProudAmerican June 15, 2004
The unproductive use of time due to a lazy decision made by someone in a management position. Based on a Simpsons reference.
"Kids, teacher's a little hungover this morning, let's have magazine time until one and then you can talk amongst yourselves after lunch."
by bursaar February 17, 2009