The act of emptying a clip into the player you've killed in Battlefield: Bad Company 2 during their killcam. Used by elite players because teabagging is old.
Dude, teabagging is for pussies. We've moved on to bullet bagging now!
A tactic used by "elite" players in battlefield or call of duty. Usually they think that by getting the drop on another player who probably wasn't paying attention or possibly having a life, makes them special in some way shape or form. The solution to this usually is simple, where you knife them on the next wave, round, level, and instantly their tune has been changed
George: Hey, that guy thinks he's cool by bullet bagging you after you were trying to snipe those guys on the hill
Jim: Yeah, but after I re-spawned on you, I knifed him, so let's see if he'll try that again now that I have his dog tags and his family will never be able to identify his corpse.