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[–] BLUFALCON78 ago 

Serious question...what does "based" mean?

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[–] JuiceTown [S] ago  (edited ago)

Being 'based' is to have a 'base' or 'foundation'. Someone who is based is sitting upon a firm foundation (metaphorically) i.e. They know what they're talking about; they have wisdom. Being based is a compliment. It means you're a good thinker

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[–] curomo ago 

I dunno why, but it's something like you don't care what anybody thinks.

Also urban dictionary is your friend.