2) An action. A Person who spits a loogie and lets it hang...before sucking it back in.
3) A street-fighting technique.
4) A troll who spits out a provocative/annoying post and then takes it back as a joke.
2) "Man, you see that? He spit-taked a 3 foot loogie!"
3) To spit in someones eye as a diversionary tactic.
4) "U Suxxior!!!1!" and then after being a victim of a flame post, says "It was a joke!"