A slang term most often used within internet forums, it's meaning is practically exactly the same as that of cool I.e. something awesome, great, teh shit or similar.
George: I bought a new pair of shades today.
Otis: Wow, those shades are clool 8-).
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A phrase used in reference to something extremely 'cool'.
See the shit.
Mike: I love your new hat, it's teh shit.
Liz: Your compliment is much appreciated.
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An expression of dissapointment.
George: Did you purchase our tickets for this years annual Belgian Jazz Festival?
Liz: No, they were sold out.
George: Awww, and i really wanted to go too!
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