short for mistake; used by modern day teens where if some one says something incorrect in an everyday conversation the teenagers nearby that heard the mistake can hit the person who said the incorrect statement on the back of the neck after calling the word stake and correcting them of what they was wrong
person 1: the dallas cowboys won 4 superbowls
person 2: STAKE! they won five. now let me get my stake
person 3,4,5,6 etc.: STAKE!STAKE!STAKE!STAKE!
person 1: ouch!