1. word for word; not figuratively; not as an idiom or metaphor
    When I saw on the news that there would be no school tomorrow because of the snowstorm, I literally jumped for joy, and hit my head on the ceiling fan.
  2. used non-literally as an intensifier for figurative statements: virtually (often considered incorrect; see usage notes)
  3. Used as a generic downtoner: just, merely.
    You literally put it in the microwave for five minutes and it's done.

The above text is a snippet from Wiktionary: literally
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