Owned by the rival unexpectedly and illegally.
Another way of saying "Invaded".
Word of Origin:
Americans took over Iraq in 2003 by bombing Baghdad, which is an illegal act towards the UN and the world.
The American's Illegally Iraqed Iraq by bombing Baghdad and overthrew Saddam Hussein and now has full control of the oil and the country.
The hacker Iraqed the computer network system and now has the capibility of changing private information secretly.
To tell a girl all night during intercourse that you're going to pull out, but you never do.
1) "Dude, I totally iraqed this bitch last night!"
1) "I fucked her hard, told her I'd pull out and then I never did!"