Can also refer to taking a heedless risk that is easily preventable by expending minimal effort, such as moving a settler outside your cultural boarders in Civilization without a military escort.
"Nah, I got this cheeto bag here... Can you hand me that rubber band though?"
Alan: "Ok settlers done and I'm moving him over to that plains hill"
Carl: "Wait do you have a warior to escort it?"
Alan: "Nah... Ima cheeto bag this guy... Itll be fiiiiiinnnnnee."
Alan: "Damn it"