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1. the use, uses or usefulness of something or someone.
2. the relevancy of a device or person's capabilities, specialties, skills or training.
Hammers are great, you can hammer nails, bash things in place, crack skulls, plenty of Utility.
or
you're not likely to survive in a warzone as a dolphin trainer, that's a scenario where you've just got no survivability or utility.
The utility that a particular concept or object has that is unique to that concept or object.
"I'm not sure of the specific utility of the word, 'meme.' Why not just call it idea? I suppose coining a brand new word glamorizes a concept and helps us appreciate it on a contextual metaplane."
A Sports Utility Vehicle which is primarily marketed towards women
I can't believe Matt bought a Ford Escape! Doesn't he know that's a Bitch Utility Vehicle?
A person that is amazing at every thing he does. He is super handsome and smart.
An economic measure of the "units of happiness".
The economist would always ask a specific set of questions to figure out the potential utils of a potential love interest. He was hoping for a 10 but, at best, but quickly learned he could get a more positive response from a low scoring woman whose utils increased when he acted pleasant and fun.
To use a person for what they can do for you or give you , to benefit yourself. Utilizing a person.
D: Man, I'm on stucc till my car fixed .
T: Becky got a whip and she just got her pay check today.
D: Oh yeah? Utilization!