A colloquial way of saying that one disagrees with a certain subject. More commonly known as taking issue with a topic of discourse.
Random dude 1: I think your are one ugly son of a gun!
Random dude 2: Hey man I take cope with that! I actually think I look quite dashing!
Skinny chick 1: Skinny Chick 2 I think you've put on a couple of pounds..
Skinny chick 2: I take cope with the fact that I can't be larger than a size 0 Skinny Chick 1.. *rolls eyes* *flicks hair*