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2.
When you RAGE so hard that you don't give a rat's ass how the fuck it's spelled.

In other words, when you rage so much that you can't seem to control your fingers when you type.
Bob: BOOM HEADSHOT!

Cumbien: DUDE OMG YOU HACKER! RAE!G
by Combine Elite February 24, 2012
 
1.
An exclamation, usually presented by someone that is so angry that they cannot even spell "Rage".
Pronunciation: (Yells) RAGE
You have just been killed by another crit-rocket. Usually followed by a ragequit.
Player: RAEG
Player has Disconnected.
by echelon_ March 23, 2009
 
3.
Pun (intended) on 'rage', showing that one knows that it not that much to be upset about.

Used as a statement of being unable to change the status quo.
-I won't go there, it will just boil down to some sort of raeg.
by thenihilist November 12, 2010