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1.
(noun) steak + bacon. Similar to turducken (turkey stuffed with duck, which is stuffed with chicken) steakon is simply beef with bacon. Possibilities include actual steak with bacon, pot roast with bacon, etc.
I'm having steakon for dinner since our freezer blew out and we have to eat everything or we'll lose it.
by phillydrifter September 08, 2010
 
2.
An expression to employ when the intent is to be vague. Of equivalence to the indian head bobble.

Commonly mistaken for "straight on" which is falsely thought to be derived from "right on", "right on" being an affirmative expression instead of one of vagueness.
Dude, steak on.
by two two one February 01, 2011