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Stands for "hating life." Used primarily during fraternity pledgeship as one does, in fact, begin to hate life.
"Do this or you'll be HATIN' IT!!"

"Man, I am hatin' it right now."
by Beamer April 07, 2004
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2
when I rolled down the hill and crashed into the car... I was hatin' it!
by BB March 14, 2003
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