When you steal something from someone and it's the last of that person's property.
I stumbled upon the rest of Janice's Oreo's. I was so stoned and there were only 8 left so I shellacked them.
by The Word Burglar December 15, 2007
An appropriate past tense verb when indicating several King Raven helicopters were just taken out by nemacyst artillery.
"Our birds just got shellacked!!!"
by youcancallmezack January 04, 2009