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1.
Supple term used to describe activities or chat that is playful, intelligent and original. Banter is something you either posses or lack, there is no middle ground. It is also something inherently English, stemming as it does from traditional hi-jinks and tomfoolery of British yesteryear.
"You, sir, are drunk"

"Maybe so but you are ugly and I will be sober in the morning"

"Good banter sir"
von Zach_banter 16. Februar 2006
1932 636
 
2.
Conversation that is witty and at the same time abusive. Formerly an "in" word, but no longer cool due to it being used excessively by children.
Parent: So what did you do at school today Timmy?

Child: BANTER LOL

Parent: Shut up
von DO NOTWANT 19. September 2010
715 555
 
3.
A word used to describe the teasing and pisstaking which occurs between mates, usually harmless.

However, the past couple of years the word has been hijacked by Justin Bieber lookalike student "LAD" twats who use it to describe anything humorous that occurs. These people are also known as chino wankers, annoying morons and people who need to use a dictionary now and again.
What banter is:

"You alright Mike? You seem miles away, you're not busy thinking of Tanya are you? Don't even lie, you proper fancy her, you div!"

What banter isn't:

"LOL LAST NIGHT DAVE WALKED INTO A LAMPPOST! EPIC BANTER LOL! WHAT A LAD!"
von chinosareugly 15. März 2013
140 44
 
4.
replacing the first letter of banter with the first or second letter(s) from the type of banter it is.
Types of b-anter:

fanter = football banter
santer = sexual banter
shanter = shit banter
ranter = racial banter
ganter = gay banter
hanter = holiday banter

the list is endless
von balls_deep_10 24. November 2010
72 25
 
5.
The new word for bullying
"oh its just abit of banter"
von MissImmie 17. Februar 2012
262 218
 
6.
A word used to cover up what would usually be classed as completely inappropriate behaviour, usually ends in on of the parties being irritated beyond comparison.
Boy: Go fuck yourself, I hope you die in a hole.
Girl: Hey!
Boy: Calm down, it's just banter.
von Noremac Giarc Nalla 10. Juli 2011
383 341
 
7.
A term now applied to what was previously known as "Conversation" (if explicitly referred to at all) by a generation whose aspirations have been systematically lowered (due to endless hours of social networking and reality TV) to the point that events which occur naturally, everyday, everywhere are now praised and honoured as achievements.
"And then I put the pen back where I got it from"

"Lol BANTER"

*high five*
von EHansen The Third 3. Januar 2012
199 169