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Here's data from an 11 year old in Eugene, Oregon. "way" is an intensifier for any adjective (in elicitation), e.g. "way tall", "way dorky", etc. However, the only usages observed in discourse are "way cool" (=good) and "way dead" (= in trouble, e.g., with parents). "Way" is also an interjection with the sense of "great!", or "wow!" "toast" meaning to be physically hurt is majorly unattested. The nearest equivalent is "dead", which isn't limited to physical difficulties. "Majorly" is standard, isn't it?Mail to author|Respond to list|Read more issues|LINGUIST home page|Top of issue
"Big time" has been around for many years, along with its perhaps more familiar antonym "small time," as in "he's just a small-time thug." I have always understood it as coming from gangster jargon and referring to doing time in the pen (penitentiary). Bruce Nevin bnMail to author|Respond to list|Read more issues|LINGUIST home page|Top of issuebbn.com