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A cross between 'its' and 'ok'. When you say it fast its s'ok (sokay). Its very simple and short.
"Oh I'm so sorry I'm late!"
"s'ok"
s'ok by Aly G. December 28, 2005
It's not ok.
Tim: I'm sorry I shot your cat
Sarah: It's ok
It's ok by Trendall July 15, 2010

It's Ok To Be White

A trend where you write "it's ok to be white" on a sheet of paper and hang the paper up

This trend is typically used when a nigga just wants to piss off a feminist
Timmy walked up to a tree and posted a sign that read " it's ok to be white
He was lynched later that day

she's ok 

When someone says "she's ok" in a conversation, it typically means, well, you are "ok". From their perspective, you are ordinary, and "ok". You are cool but not cool, kind of way. That person might be jealous of you and doesn't like you. If someone says you are ok, don't take it personally, like it is a bad thing.
Mark- "Do you like Kasidy?"
Tom- "Ehh, She's ok."

UCMJ says 16's OK 

A phrase used for a military person who wants to have relations with a person who could possibly be under age but the UCMJ says as long as she's 16 its fair game.

Also can be used to combat the phrase 16 will get you 20
#1

Sailor: Hey check out that girl over there she is fine as hell i would destroy her pussy

Marine: Dude she looks 16 years old

Sailor: Hey UCMJ says 16's OK

#2

Guy 1: 16 will get you 20

Guy 2: Yea but UCMJ says 16's OK

it's ok until it's not OK! 

When a situation was fine at the start and all of a sudden it is no longer desirable to the other party involved.
At the beginning of your relationship your girlfriend was ok with your ex-girlfriend texting you. All of a sudden it's ok until it's not OK!