From Usenet
jargon to the office:
Not now or not here. "Let's take this point offline." Used in
meetings for items that come up that need
discussion but are not on the
agenda, and do not need input from
everyone at the meeting.
(Often confusing to me because I work for a dot.com and in meetings we are usually discussing online products. I hear the phrase and do a double take as I sort out the appropriate meaning of the word.)