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A term arising from the 1950s denoting a high fidelity audio system. The term fell out of use after the advent of stereo, but is used today to denote a class of audio equipment above the mass market which reproduces audio faithful to the recording. The term is best used to differentiate real audiophile audio equipment from the myriad of clock radios, cheap home theater in boxes, and offcourse systems designed for listening to music of the urban persuasion.
Low priced high fidelity system: Energy speakers,Yamaha or Pioneer electronics.

Mid priced high fidelity system: Magnepan Speakers, Nad electronics.

High priced high fidelity system: JmLab Utopia series loudspeakers with Krell electronics.

Dude, I have a kick-ass hi-fi system, let's go listen to it.
hi-fi by Angsuman Roy April 23, 2006
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vodka and orange carbonated drink.

much like a screwdriver, except with orange soda pop instead of orange juice, enducing a mad drunken sugar high when mixed with the right soda.
1:"Dude, we were bouncing off the walls at the rave from all the Hi-Fi's we drank last night."
2:"Who the fuck goes to raves?"
Hi-Fi by HouseWares January 24, 2009
The way in which one person would greet another person named "Fi".

Also (erroneously) short for "high fidelity" - used to describe recorded sound that sounds faithfully like the original production of the sound. It's a term that originated in the 1950's (before stereos) to describe sound-recording equipment that provided faithful reproductions, but nowadays is used mostly by audiophiles.
Fi: Hey there buddy!
You: Hi-Fi!

Pedophile: Come over here kiddie, these Bose speakers produce such high-fidelity sound!
Audiophile: No they don't.
Hi-Fi by Pedophile May 17, 2008

hi-fi(nance) 

A tongue-in-cheek term dat ruefully refers to how costly a decent stereo system often can be.
Unless you happen to find a "gem" of a tower-system at a yard sale or thrift store, obtaining an above-average component-audio setup is usually a "hi-fi(nance)" undertaking!
hi-fi(nance) by QuacksO January 1, 2022

American Hi-Fi 

The best band in the world. Consists of Stacy, Jamie, Brian, and Drew. Stacy is the singer and the songwriter, not to mention HOT. They are the band with the hit song "Flavor of the Weak" in 2001, and a semi-popular song "Another Perfect Day" in 2001. They now have a second album out, called "The Art of Losing", which released February 25, 2003.
American Hi-Fi was recently dropped from their record label, Island Def Jam.
American Hi-Fi by Amanda January 3, 2004

Jb Hi-Fi 

JB Hi-Fi Limited is a publicly-listed Australian retailer that sells and specialises in consumer goods. JB Hi-Fi has locations in Australia and New Zealand.
"mate I just when to Jb Hi-Fi and picked up a new phone"
Jb Hi-Fi by Paridot Dino March 10, 2021

Hoosier Hi-Five 

A Hoosier Hi-Five (also High-Five) is a beer and shot combination from two Indiana heritage brands. The whiskey is Old Hamer Straight Bourbon and the beer is Upland Champagne Velvet. Old Hamer was prominent from 1825 to 1870 from Spring Mill in Lawrence County, IN and was sold as far south as New Orleans. The brand was resurrected by West Fork Whiskey Co. (Indianapolis, IN.) in 2019.

Champagne Velvet was brewed by Terre Haute Brewing Co. founded in 1855 and grew to be one of the largest breweries in Indiana. In 1902, Terre Haute brewmaster Walter Braun created a lager called Champagne Velvet (CV) that quickly became the flagship beer of the company. While the beer helped the brewery spread its market and fame during the next two decades, Prohibition forced the brewery to close and its assets were sold. In 2012 Upland Brewing Co. (Bloomington, IN) purchased the rights to the name and recipe and released the beer for their 15th Anniversary.
Bartender: “What would you like?”
Patron: “I’ll get a Hoosier Hi-Five”
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