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1.
Claiming rights to something. Like calling the last beer in the fridge, or the front seat in a car. Calling shotgun.
There's one beer left in the fridge, I'm calling it!

Yo mofo! Why you drinkin' that beer? I called it!
by Dr. Sunshine March 29, 2009
3 1
 
2.
Medical Staff term to state that an individual has passed away. Background not known (by me anyway).
"I'm callin' it, its 1900."
"Alright, get the stiff i-deed, and tagged."
by Raney November 20, 2004
4 3