Used chiefly in informal or ironic address, especially in the phrase "my precious"
Definitions
A person, animal, or thing that is adored, valued, or held dear (often used humorously or ironically, especially in direct address). He stroked the ring and whispered, "My precious, how I've missed you."
Used informally as an intensifier, chiefly modifying words like "little" or "few".
Definitions
Used informally as an intensifier meaning "very" or "extremely". We have precious little time left.