To go up behind a person, and pull down their pants, shorts, skirt, etc. Usually followed by large amounts of laughter.
I shanked this idiot at school. His pants were around his ankles.
1. Used to describe something really bad.
2. Can also be used in the past tense. See fucked
1. Dude, that sandwich is ep.
2. If we get caught, we're epped!
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