1. A combination of teabag and owned. The utter and complete destruction of one's integrity through an embarrassing action or incorrect statement. Must be accompanied by a hand motion where one moves one's fingers back and forth as if s/he were tickling genitalia.
2. The act of teabagging someone while teasing them.
1. Did you see that snowboarder hit his head off that jump? Teasebag.
2. Teasebag. Your concept of grammar is not substantial to maintain everyday conversations. Teasebag.
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