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1.
The act of being a hoon or driving recklessly, racing, doing burnouts etc.
Hey Blake, I'm feeling the need for speed and want to burn some rubber, you wanna come hooning?
by Kiwi Jones June 27, 2010
 
2.
to have sex with somebody
I hooned her.
i hooned last night.
Want to hoon?
Had a great night hooning!!
by The Elliots October 25, 2008