As a language expert with a focus on contemporary linguistic trends and colloquialisms, I can provide you with an accurate interpretation of the term "m8."
In English slang, "m8" is a shorthand form of "mate," which is a friendly and informal way to address someone, similar to "friend" or "buddy" in American English. It is commonly used in the United Kingdom, Australia, and New Zealand, and it can be used to refer to both male and female friends, although its origins are from the British slang.
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