1) A positive word combining "flame" and "amazing," used to express the highest level of approval.
2) Dope; Legit; Clutch.
3) A word meaning "awesome" that derives from a pun off of, less than lyrical, D.C. rap artist Lani Flaze.
4) Facetiously and\or mockingly calling something awesome when it in fact sucks.
"I just went to the casino and won a stack off five dollars." "Flaze."
"Damn, I forgot to buy a 'rello at the gas station."
"It's cool. I have a pack in my bag."
"Ahh, FLAZE!"
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