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Typically said of an apartment building that has become a cooperative (or "co-op")—a building in which residents do not own property but rather own shares in the corporation that owns the building. I can't believe that our building is going co-op—I might need to move.
See also: go
1. slang An initialism for "other people," referring to a cigarette given to one by someone whom one asked for it. He stumbled out of the bar going around to the people outside looking for OPs.
2. slang By extension, a person who asks someone for a cigarette. Cynthia doesn't smoke for the most part, but whenever we go out drinking she turns into such an OP!
A shortening of "photo(graph) opportunity," literally, an ideal chance to take photographs, especially of someone famous. The actors all got together for a photo op with fans at the convention. The CEO agreed to a rare photo op for the press.
a time or event designed for taking pictures of a celebrity. All the photographers raced toward a photo op with the president.
n. other people’s cigarettes; begged or borrowed cigarettes. (Initialism.) My favorite kind of cigarettes is OP’s. They’re the cheapest, too.
A chance for a photograph, often for publicity purposes. The “op” here is short for “opportunity.” Deborah Eisenberg used it in her story, “Under the 82nd Airborne”: “‘Relax,’ Lewis said. ‘There’s no one here for them to fight with—this is a photo op.’” See also sound bite.