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1.
It means to 'chillax and have a good time'.
EG.

Person A: 'I had an oinging time last night mate'.

Person B: 'yeah I needed some time to relax'.

OR

'I'm so tense man!! I just need to oinge'.
by craazyjoey June 09, 2009
20 11
 
2.
to kick back and relax
person 1:today was so stressful
person2:i agree

person 1: u wanna go oinge at my place
person 2: sounds great
by The JDT June 08, 2009
7 16