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1.
The act of stealing and drinking other people's beer, usually the ass. Most commonly found with half finished cans on the beer-pong table and if you have no self-respect, out at a bar. Usually the "racoon" is heavily inebriated and is only interested in consuming more beer.
"What the fuck? Where's my beer? I told you to watch it!"

"Sorry dude, some guy came out of the shadows and started raccooning beers left and right, he got like 4 of em.

"Dammit! This bar has a raccoon problem. Call animal control before he steals anything else."
by TC231 February 17, 2013
20 2

Words related to Raccooning:

racooning
 
2.
The act of taking food/beer that has been left outdoors, particularly at a tailgate.
Friend: "Shit, Jimmy left the tailgate in order to see kickoff, and he locked the beer in the car"
You: "Time to go raccooning. I think I saw an F-150 parked a few spots away"

****

Fan #1 (leaving the stadium): "That was a great game"
Fan #2: "It sure was" (making his way to an unattended cooler)
Fan #1: "While you are raccooning, I will be taking a piss. Raccoon me that bag of chips while you are there"
by Flip Cup 1023 October 10, 2010
20 4
 
3.
The act of punching someone in both eyes during sex giving them two black eyes and then stealing all of their valuable possessions.

Developed by man, but I believe this act will become more popular with prostitutes and/or other hired escorts.
Ex. 1: Nice night to go Raccooning. What say ye gents?

Ex. 2: So I hired this hooker. We were goin' at it just having a good time, Then out of nowhere she Raccooned me! Punched me in both eyes and took everything I had.
by Goin' Panda January 11, 2012
15 7
 
4.
The act of taking things gradually over time, usually after a breakup. Also when someone borrows something without asking, and forgetting to return it before it is missed.
When I came home and realized my couch was gone, I knew my girlfriend was raccooning me.
by Heycat81 October 01, 2011
5 3
 
5.
The act of going to a restaurant with a group of friends and opting, instead of ordering your own meal, deciding to eat off of everyone else's plate, and leaving them with the check.
Watiress: "May I take your order, Sir?"

Raccoon: " No thank you. I'm raccooning off of my friends' plates today. So I'll be having what they're having."
by Lancer Manion June 28, 2011
5 5
 
6.
When you laugh so hard you cry and smear your eyeliner and look like a raccoon
*watching random viral video*

Me: HAHAHAHAHAAH! OH NO! I'VE SMEARED MY MAKE UP! I'm RACCOONING!

You: ew.
by manleeman June 14, 2011
0 8