1. A gamertag on xbox live. The user has been known to use the n-word repeatedly and brandishes a very large penis.
2. The process of getting niggered or n-worded for lack of better words. It could be anything from getting screwed over, to getting robbed, to someone stealing your bike and shoes.
Also see "Cody Smithing" for similar meanings.
2. I was riding my bike the other day and this pack of monkeys n-worded me right out of a new bike and shoes.