Verb phrase. To engage in one's preordained duty to take whatever "it" is as if s/he is defending a prestigious title, i.e., with poise and dignity. Well, maybe not dignity.
Looks to me like you gonna be taking it like a champ and likin it, you triflin bitch.
by gingervitis July 26, 2006
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Used to describe an event or act that a person ends up on the losing end but gives they’re all anyway and takes it anyway. Can be used with an emphasis on sports but also with everyday events.

“The frat boys were watching a Porn movie at 3am on the big screen in the dorm TV lounge when in the final scene 4 black guys attempted dvda on a Asian girl, one of the frat brothers yelled “Take it like a Champ!!””
by goddambats July 26, 2006
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