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1.
When two or more guys get drunk enough to decide to fight with each other just for fun.
Last night I was wrastlin with Ben, and today my arm sure does hurt.
by wrastingbilly July 13, 2009
 
2.
A variant of the term "wrestling" used in cases where that term may be considered too dignified (often involving animals.)
"You ever seen Mexican wrestling? Those dudes are crazy."

"No, but I seen my cousin Bobby wrastlin' with a hog once."
by El Luchador de los Angeles September 07, 2012