1.To take ones self out of a harmful or socially threatening situation and into a more gay state. Both definitions of gay apply here.
2. To steal from the more helpless small children, of their ride on toys, be it tricycles, small fire engines, little red wagons, etc.
Oh jeez, hes at it again, here comes the raveling davelor.
Hey look over there!! There goes a raveling davelor down the street!