When "You know it" or "Hell yeah" isn't enough.
Guy 1: Aren't you that crazy guy who jumped off the bridge?
Guy 2: Damn strait.
Guy 1: Nice...
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When someone dumps all their emotions and "feelings" on you, usually negative.
Guy 1: So how are you and your girl?
Guy 2: Not good, she just took an emotional piss on me.
Guy 1: That blows...
Guy 2: Damn strait.