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This phrase is used by poeple who want to be different, and instead of just saying "oh, you crack me up!" they imply it by saying "oh, if I was an egg i'd be dead by now!"
It can also be used directly after the phrase "you crack me up!"
Becky - cunt nuggets, I just dropped my slut muffin!
Richard - Oh, me, you crack me up! If I was an egg I'd be dead by now!
by Bedeb Aibcad April 20, 2008
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Jul 13 Word of the Day
a phrase chiefly used in northern England.

it is a contracted form of "it'll be reet", where "reet" means "alright" or "OK".

living your life according to "be reet" is the only way to find happiness in life.
Geoff: "ZOMFG a just hopped off the buz n me 'ouse is burnin' down n me Deirdre's in there dyin!"
Jack: "Be reet."
by Tommmmmmmmmmmmm May 06, 2007
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