The ack of drinking so much that normal life has slowed down so much that you believe that your rapping skills, dancing skills, nunchuck and bow staff skills are the best in all human kind. If you had such a good drunkin sobber that you wake up the next morning naked with one butt cheek waxed you have accomplished your goal.
One bad night, followed by a good morning story of guess what happened to me last night. Dont't feel to bad you just been chased.
To go after something that you will never be able to get,
or to go after something and get it, but you have lost things like friends, money, your reputation to get it. You may even get hurt doing it.
He cut loose all of his friends and spent all of his money on trying to get the girl of his dreams. (Chased the cat)
To deliver a beat down (physically or verbally) to another (sorry) person in a way that makes the defeated party unable to walk with their chin up and chest out. Basically an ownage/pwn
Definition derived from the beat down that Cassius Clay (formerly known as Muhammad Ali) gave the now infamous Sonny Liston.