Slang for compliments or statements of thanks, implying esteem for a work colleague. For example, "Mad props to Chris for being such a positive, promotional force in the planning of the party." It can also be a synonym for "friends," as in, "I've got my props with me, and they'll back me up if I need them." Props can also be proper respect, as in, "The class gave me props during my presentation."

See also : you're good  
NetLingo Classification: Online Jargon