When something is both useful and versatile.
Bananas are usatile. They make a great addition to any meal, especially pizzas with pineapple ;)
Of utility to the United States of America (or her allies or some elite subset thereof) for achieving political aims and economic goals.
Arms manufacturers, Big Oil, warmongers and peaceniks, various missionaries and contractors alike, there were many who never once misunderestimated the usatility of President George Walker Bush and his War on Terror.
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1. Something that is both useful and versatile.
"It am be a very usatile tool."
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