teatar

1. theatre
   Večeras idemo u teatar na premijeru. — Tonight we're going to the theatre for a premiere.
   Ona se ceo život bavi teatrom. — She has worked in theatre all her life.
2. colloq. (figuratively) show; farce
   Ceo taj sastanak je bio čist teatar. — That whole meeting was pure theatre.

In everyday Serbian pozorište is more common; teatar appears in names and more formal usage.