A combination of the Japanese word Hentai and the English word Time.
Refers either to an occasion during which perversion is abundant or to the time during which one watches Hentai.
Person 1: "Come on over to my place, we're havin' a shindig!"
Person 2: "Sorry, I'm busy... it's hentime."
Person 1: "Well how about we make it an orgy and we'll all have a hentime instead?"
Person 2: "Hell yeah! Be right there!"
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Basically a way to explain that you're ready to clap anime checks
"Its hentime homie"
"HELL YEA"
Its a word originating from some weeb called CiB. He uses this sentence as when he is about to watch some filthy hentai.
No records show the use of this word so its possible that it is original.
CiB :Aight bois its hentime gtg.
XY : what time?
*CiB offline*