1 definition by TC231

The act of stealing and drinking other people's beer, usually the ass. Most commonly found with half finished cans on the beer-pong table and if you have no self-respect, out at a bar. Usually the "racoon" is heavily inebriated and is only interested in consuming more beer.
"What the fuck? Where's my beer? I told you to watch it!"

"Sorry dude, some guy came out of the shadows and started raccooning beers left and right, he got like 4 of em.

"Dammit! This bar has a raccoon problem. Call animal control before he steals anything else."
by TC231 February 17, 2013
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