The act of blaming the gaming corporation Bungie for making you lose a video game, or when you're experiencing lag (latency). This can also apply to real-life situations where the user of the phrase feels like he has been ripped off. Outlandish blame of Bungie for anything gone wrong is also acceptable.
Example 1: Gamer- "I just lost because of all this damn lag... FUCK YOU BUNGIE!!!"
Example 2: Person- "$10 only gets me 2 gallons of gas! FUCK YOU BUNGIE!!!"