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1.
To be holak'd is being better than somebody else in anything and most likely everything. To be holak'd is saying you basically fail and you should give up.
Person 1: I can dance sooo good! (Does the jerk)

Person 2: So can I! (Does the jerk better than person 1)

Person 3: OHHH SHITTT!!! YOU JUST GOT HOLAK'D!
by Young Typhoon January 26, 2010