A spin on the word "elite", common on IRC to describe someone or something that is very good, cool, etc. A spinoff of the chinese pronunciation of "elite" which is "ereet" because L's often sound like R's.
Ah man, this new video card is ereet.
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Engrish for elite. Similar to reet.
The m4d h4x0r pwned the b0x; he's ereet.
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me and my friends stumbled across this word by speaking 'wrong' and our defination for it is 'aiight, alright, ok, cool'
Dave: Hey man, Im goin to get some mcdonalds, wanna go?
Frank: Sure, lemme get ready, but I wanna go to taco bell
Dave: ereet be down in bit
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