01

It is when someone screws you over; such as in the show Price is Right. You bet 1200, and the dick after you bets 1201, thus eliminating your chances of winning unless the price is exactly 1200.

I was gonna get a cream doughnut but the dick in front of me 01'ed me out of it. What a douche.

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'01'

The term '01' stands for 0121 do one, and is commonly used as a nice way of telling people to 'fuck off'. Generally '01' is followed by a derogatory term and is used by people who shorten almost every word in common tongue.

Person 1: "I might go for a drink tonight."

Person 2: " Just '01' then you mince"

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-01

A suffix attached to any noun to signify this subject as a prime example of said noun. Can be continued using only odd numbers to describe multiple nubs. for instance: noun01, noun03, noun09 etc.

Birl-01- The prime or first birl
"Oh ok asshole01 over here."-roughly translated 'You are the biggest asshole ever'

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5:01

International time for discipline.

5:00 crack open the beer.

5:01 the beatings commence.

Bob: "What happened to you?"

Larry: "I tagged a guy's fence and he found me at 5:01."

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00:01

The twenty-four-hour clock representation of 12:01.

I fell asleep at 00:01.

00:01

Also known as: 12:01 A.M., zero hundred one hours.

The time of day, after 00:00 and before 00:02.

- Hey, what time is it?
- It’s 00:01 (zero hundred one hours).

01:11

01:11, the time at which you make wishes aloud and it still comes true.

Guy: I wish I could travel the world.
Girl: don't say that or else it won't come true.
Guy: it's fine. It's 01:11. My wish will still come true.