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1.
When you are caught stealing from a Blockbuster Video store.
Robber: Oh man, i hope i don't get caught robbing this Blockbuster.
Guard: What? Who's That? I see you!
Robber: Oh damn!
Guard: You just got Blockbusted!
by Delfinator March 04, 2009
 
2.
When you are caught robbing a Blockbuster Video store.
Guy 1: So did you really steal that video last night?
Guy 2: Nah, I got Blockbusted.
by Jack De August 29, 2008