To go broke in a poker game.
This word was coined by Phil Laak (the unabomber)back in the day when Lucky Chances Casino had a 10/20 NL HE game that
would goaround the clock three days a week.
(verb) A slang term originated by Phil (The Unabomber) Laak that means one has lost all of their chips at a poker table, hence the broke player is left with only the felttable top in front of them.
Phil was chip leader, and felted Antonio when Antonio put all of his chips in with two pair vs Phil's full house.