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2.
Synonym for "Steal"

But a Cheeto Jacking can only happen when the item being stolen is done in a quick and hilarious fashion.
Hunter: That guy just rolled by on his moped and snatched my PSP out of my hand!

Scotty: Dude! You just got cheeto jacked!
by Scotty Ranger July 11, 2008
 
1.
(n., adv.) Giving/receiving a hand job with Cheeto residue on the business hand(s).
The first time I got a Cheeto Jack was after my babysitter and I shared a bag of Cheetos. When my mom discovered the Cheeto dust in my Teenage Mutant Ninja Turtles Underwear she about shit.
by Cheeto Jack1 January 09, 2013