To go after something that you will never be able to get,
or to go after something and get it, but you have lost things like friends, money, your reputation to get it. You may even get hurt doing it.
He cut loose all of his friends and spent all of his money on trying to get the girl of his dreams. (Chased the cat)
by Johnny Wright July 5, 2008
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the basic fact of life, which literally means that all playaz gotta work to get the pussy.
"All dogs must chase the cat."
"Word to your mother."
by Nick D May 30, 2003
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