1. Unit of measurement. An amount of time between discipline actions at a company. Generally seen as 48 hours.
2. noun/verb. To screw up so badly that a tool or piece of equipment is no longer usable by most people.
1. Well, looks like Mike is running at 1.5 Teakells.
2. Dude, I had to borrow your drill yesterday...and...well...it got Teakell'd. Lucky for you, there's a warranty repair center in town.