Short for "debased," referring to a concept, object, practice or ideology that has been stripped of its intrinsic significance by association with and absorbption into the mass cultural continuum. Used meta-ironically, given that the word is itself a slang contraction and represents the debasement it seeks to impartially describe.
"Dude, I think that Nietzsche might be my favourite philosopher."
"That's based, bro."
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