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http://www.urbandictionary.com/define.php?term=I could care lessAnd it's "couldn't care less"
There is some suggestion that the phrase “I could care less” may have been adopted because it fit into certain Yiddish phrases that deliberately mean the opposite and can be viewed as sarcastic. Such phrases include, “I should be so lucky,” which really means you’re not likely to have the luck. Another phrase, “Tell me about it,” means the opposite. It’s merely a way to agree with the speaker.