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Definitions by Cyber Storm

Direct meaning is to steal something, usually state owned property. It has its roots in the soviet system when public property ment that it was nobody's property at all. So it was not considered as something negative, it was usually assumed a-ka Robin Hood's heroic act among friends.
Vasya spizdel very nice oscillograph from his R&D institute.
spizdel by Cyber Storm February 17, 2014