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1.
Among Native Americans, a common term for hooking up.
We found Richie and Janet snagging in the back of his pickup outside the bar last night.
by Peugeotjoker September 15, 2006
 
2.
The act of hooking up with a person usually for just one night or for a period of time but never being in a relationship with them.
Guy # 1: hey man what happened with you and that girl? you together now?

Guy # 2: naw man we met and we just snagging
by titsandbeer March 01, 2012
 
3.
The act of stealing money from your parents, usually done by teenagers ranging from the age of 13 to 18. Stealing from your mom's purse and your dad's wallet is an art that needs to be perfected. To snag efficiently, or must take no more than $20 at a time in order to not make the loss seem suspicious. However, efficient snagging quickly adds up.
"Hey man I guess you can't go to the concert, you don't have any money right?"

"I snagged last night!"

"Nice, snagging gets you rich fast man."
by tdbyankees7 July 27, 2014