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big time (n.)

"upper reaches of a profession or pursuit," by 1909 in vaudeville slang. As an adjective by 1915. The same phrase was common in colloquial use late 19c.-early 20c. in a broad range of senses: "party, shindig, fun, frolic."

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Definitions of big time from WordNet

big time (n.)
the highest level of an occupation (especially in entertainment);
From wordnet.princeton.edu