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1.
A verb used to explain when an asshole takes/steals something away from someone abruptly and in turn uses it for their own personal gain.

To Shug Knight or to be Shug Knighted.
"Dude, did you just Shug Knight my beer?"

"Hey, I heard Nicole totally Shug Knighted Stacy's boyfriend!"

"I just Shug Knighted Dan's girlfriend's virginity."
by HarveyPickles October 09, 2011