Top Definition
Deliberately offering to buy an item for far less than it's worth to take advantage of some poor desperate, out-of-work, soon-to-be-homeless sucker's bad luck. The item will then be resold to finance this person's worthless lifestyle.
"C'mon, I aint loballin'. That old Corvette needs new tires & stuff, so I'll give you a generous $1200."
by wahip September 04, 2011
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