A phrase that one says when they truly do not have any intentions of hanging out with the person. One will say this and the other will usually agree, and most times neither of them will try and make plans with the other, resulting in the repetition of this phrase in the future.
Distant Friend 1: "Hey, long time no talk! Let's hang out soon! I miss you!"
Distant Friend 2: "Oh yeah, definitely! Call me sometime!

- 2 months later -

Distant Friend 2: "Hey man, we still haven't hung out. What's up with that?"
Distant Friend 1: "Oh I know, let's hang out soon!"
by briii23 December 29, 2011
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