This is the name given to a person who takes the viginity of someone else. They themselves may also be a virgin, in that case both of the partners who partake in a bit of hanky panky are themselves virginsteins for taking their partner's virginity away from them.

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.