The process of being taken, schooled, taught a lesson or having something stolen from oneself in a suave or debonair fashion by a person named Jake. This usually relates to interactions with females and other social activities but can also pertain to video games, sports, an several categories of work/employment.
Not to be confused with hijacked which mainly correlates to the above listed items and a person bearing the name Jack.
"Hey, that girl is giving me the look; I think i might go and talk to her"
"Better hurry up man, I saw Jake around here and you don't want to get Hi-Jaked, it keeps happening every time one of those Jakes shows up"