To shrug off in defeat
To not care or pretend not to care
To think something is unimportant or to pretend it never happened
To shrug an important and awesome thing off in a nonchalant manner as if you're super badass
President Obama is reelected? Shrugalug
Aw, I just got laid off. Shrugalug
Person 1: Dude did you hear someone finally got that cheerleader to get drunk and laid?
Person 2: ...Dude, yea.
Person 1: Dude, you've got to be kidding me, you?!
Person 2: Shrugalug
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