A fork of Rural Dictionary
The state when you are drinking alchohol in which you are past light headedness but before being drunk.
I'm tipsy on one and a half budweisers... I love being a featherweight
In other words it means I don't want to go out with you, but I still want to be friends. Often used to let someone down gently.
I don't think we ought to date, I don't want to ruin our friendship