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1.
To bludge, take advantage of, steal, take, manipulate in a situation so that you get everything for free.
John: "Hey man, I'm totally going to elloy the next snow trip"
Mick: "What??"
John: "I'm going to jump in their car so I have free fuel, then sleep on some randoms couch down there. I'm elloying it all the way"
by Da Bomb 8885 August 05, 2011