Explanation: The word has taken on a wide array of meanings in recent years, including but not limited to:
1. Mockery of one's peers.
2. Witty conversation.
3. Fun activities.
4. Anything amusing that has just happened.
5. Anything amusing.
6. Basically anything.
Those who, in the eyes of their peers, posess high levels of banter may be given a nickname generated by playing on the word, such as "The Archbishop of Banterbury", "Bantersaurus Rex", "Bantonio Banderas", and so on.