To take something from a store without paying for it.
"Yo, I don't have enough for these headphones so I'm going to bought them."
adjective describing something or someone as extremely desirable or "bad ass"
1. When looking at your friend's new big screen HDTV, you would say "Damn, that shit is bought!"
2. When seeing an exceptionally good-looking woman walk by, you would say "Damn, that bitch is bought!"