robin hood was the great storybook character who stole from the rich and redistributed it to the poor.

similarly, taking objects that do not raise too much concern from rich estates such as a highly-profitting company (basically those that are still around today after surviving the financial crisis) to supplement your poor (relative,) life or the lives of the poor (again, relative) around you, such as your friend or family.
"Here Denise, I brought you some more stationery to supplement your pencil case for school. Here's 10 erasers, 23 yellow hi-lighters and a box full of brand new pencils. Don't forget to share them with your friends in school!"

"Thanks for robin hood-ing your company for me, mommie!"

or

"Gee, mom, did you just robin hood your company again?"
by michiebee November 16, 2009
Preventing the government from doing something you believe is wrong. Robin Hooding Meters- Paying a persons expired meter when a parking enforcement officer is near.
We're going to go Robin Hooding and feed people's meters.

We went to downtown today and Robin Hooded meters.
by PseudoWonKanobie27 May 16, 2013
when one male licks the shaft of another man's penis, before inserting the tip of his penis into said man's urethra.
Rich was all like, "what's up man?", before he violently grabbed Russell's shaft and and decided to go all robin hooding on that dick.
by Agent O October 07, 2013
Another term for dumpster diving..finding perfectly usable items in trash cans or garbage bins or dumpsters.
A form of Recycling what Corporate American deems unsellable
many corporate businesses throw away perfectly good items because of damage to the packaging rather than giving it to the poor or to a shelter...
Hence...Robinhooding is taking from the mega rich corporate america dumsters to satisfy the needs of the homeless or lower income class
by MommahG January 12, 2012
A variation of a three-way in which a male is performing anal sex on another male who is simulaneously performing anal sex on a female (all while standing), stemming from when Robin Hood shot an arrow directly into the butt of another arrow.
The gay dude ended up Robin Hooding his boyfriend and a chick from the bar.
by Sho'tay July 21, 2010

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