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A term generally famous among Indian engineering students and especially a part of BITS Pilani lingo used for asking to not take too much stress about something the other person stresses about. Implies you can not do anything about it as a choice. This usually works in favor of the other person as he has now one less issue to deal with (his own panic). A great way to cope with high-stress situations and cheer someone up. You can also sum up the values of the letters of "lite" with the alphabets mapped to 0-25 for a surprise of what lite is :)
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