In simplest of terms, to con or steal.
Hey man, don't valego my ego!
A method of betting in roulette where one places an extremely large amount of chips on either red or black in a single phallac-like stack.
Kevin: Holy s*** Dave, are you going to Ron Jeremy on black again? That thing looks like the leaning tower...
Dave: What can I say? I'm determined to get us comp'd for breakfast!
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