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1.
(British & Coomonwealth) : The action of removing someone's trousers by force as a huiliation
His behaviour had more than once earned him a debagging.
by Simon Knuckleweed January 09, 2004
 
2.
To pull someone's trousers down in public.

Rules: No tie-ups allowed.

Terminology:
To the bone - to pull both the trousers and the pants down.
Scanted - another term for de-bag
Like a tiger - meaning that ones trousers are tight
Haha Jake just de bagged that girl to the bone man!
Godalming College's lunchtimes are often filled with peopel de bagging each other.
by Ravester March 16, 2007