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3.
Supposed cause of fire deliberately arranged by the owner to burn down a property or business in order to benefit from insurance money or similar, such as destruction of documents and records.
What happened to that old kvetcher, Max? He's dressed in bright colors and looking so happy...

Haven't you heard? His art gallery literally went up in flames, struck by a fortunate case of Jewish lightning.
by nycgw July 11, 2009
 
1.
To set your house or business on fire on purpose to get the insurance money.
"Hey, what happened to the bar?"

"The owner wasn't doing so well so it got struck by Jewish Lightning."
by SixSixSix August 12, 2004
 
2.
To set fire to, and burn down completely (arson) a property in order to collect insurance money. The Jewish connotation refers to the Jew's love of money and therefore unwillingness to spend money (and therefore commit insurance fraud).
"Jerry got most of his money when his place got hit by Jewish Lightning."

or

"Ben Steinfeldenstein's deli was the fortunate victim of Jewish Lighting, and he can now afford that new house."
by josefresco March 13, 2008
 
4.
arson, specifically for the purpose of insurance fraud. because it is a crime of greed, it gets tagged to the stereotypically greedy jewish people. but, come on, we all love jew jokes.
"Holy moley, that yacht's been on fire for the last five hours! How could this happen?"

"You're in New Jersey, stupid. That boat was struck by jewish lightning."
by CheeseShopOwner August 12, 2011
 
5.
A form of insurance fraud, in which someone destroys or damages (most often by arson) their own property for the purpose of collecting insurance money. Called "Jewish" lightning because the Jews are stereotypically known as a cheap, cheating race.
"So apparently Goldsteinbergowitz's house caught on fire last week. With the insurance money he'll collect, he'll probably be able to buy an even bigger house!"
"Jewish lightning if I ever saw it."
by sophiachicken September 22, 2013
 
6.
A form of insurance fraud, in which someone destroys or damages (most often by arson) their own property for the purpose of collecting insurance money. Called "Jewish" lightning because the Jews are stereotypically known as a cheap, cheating race.
"So apparently Goldsteinbergowitz's house caught on fire last week. With the insurance money he'll collect, he'll probably be able to buy an even bigger house!"
"Jewish lightning if I ever saw it."
by sophiachicken September 22, 2013
 
7.
A famous boxer in the early 30's.
Jewish Lightning puts another Irish fighter down in the first round.
by jlight August 09, 2006