To bowl a game in bowling where you score less than 100 points and get a double gutter. Named for the "0" that show up when you gutter at some bowling alleys.
Person 1: Dude, I just bagled for the third time in a row!
Person 2: You know what coachsaid, 'Bagle, and I'll stone you to death'.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).