Used in the context TO "Chonze" or to HAVE "Chonzed" an individual.
When playing a competitive game of football and one attacker nut megs the opposing defender, the crowd shout "Chonzed!" to let the defender know of his humiliation. i.e. "You've been chonzed mate!"
When competing against another team or individual you make it clear you are going to "chonze" them i.e. completely humiliate and destroy.