A person,thing or event to be held in high regard. From the meticulous treatment and devotional attention a feline bestowes on its hindquarters. Not in wide useage.
From the chopsui movie "drunken master". In the context of the movie to mean "your the best thing since sliced bread". See Bees Knees and Dogs Bollocks
Salvidor: "Hey guys I just bought over a case of beers"
Friend: "Gee Salvidor, you're the cat's ass"
By Kippy
Cats Ass
When someone is grumpy and the screw up their lips really tightly so that their lips look like a cats ass. If they try to smile they can look like a scary cats ass with teeth.
To throw awaymoney or to waste money. To buy sonthing You dont need, To ignorantly waste money.
Mike got paid on Friday and threw 250.00 up a CATS ASS on the Cherry master Machine.
My wife went to Wal-Mart and spent $50.00, She just Threw it up a cats ass.
By Pearl
The Cats Ass
A niftyier way of saying cool, that is the shit, or this is wonderful. It is also used to say that someone or something is really clever or intelligent.
The very best. The finest. The epitome. Most excellent. Boss. Zorch cow. Real George.
This cat's ass expression was common in the early 1960s.
Whoa, where did you get that piano? It's cat's ass!
During a Vince Guaraldi concert in Berkeley in 1961, a dreamy beatnik kept mumbling "Cat's ass, man, cat's ass"
By Sophey
Cat Assing
To play a computer game, especially an Massive Multiplayer Online (MMO), for extreme lengths of time. This may come at the expense of hygiene, social interaction, even nutrition. Popularized by the article "The Surreal World" by Hayes Reed where he described an Ultima Online obsessed friend's apartment as, "A den of cat ass and murdered time."
Did you hear that Jim was cat assing on WoW for so long, he actually got scurvy from eating nothing but ramen?