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It's internet slang if you will for when one is being sarcastic.

For instance, say I tell a bad joke at your expense hypothetically speaking.

You could retort:

Oh, you're so funny. You should be a comedian. /s

That would tell me you are being sarcastic and then I would spared from the mistake of quitting my day job to do stand up because I thought you were being literal.

I'm astute enough to perceive sarcasm generally when I see it but I suppose I could make an error as well.

Nobody is perfect.

Oh Wow thanks, I learn something new every day! I had no idea, hadn't seen that one before! I'll add it to my repertoire right away:

> "Since I heard it straight from the horses mouth!" :D ./s

--- Mr Ed!