When in the air, esp on a skateboard or snowboard, a feat in which the legs are jutted forward and the board which is being ridden is held onto by the back arm and hand.
An utterance of encouragement to treat a person/thing as being one's permanent possession/property, free to be mistreated/misused, especially when both the encourager and encouragee know such not to be the case. Commonly done when loss/destruction of a partner/object is imminent, or when one does not take the partner's next partner/item's next owner into consideration.
Kris: I don't think it's going to work between Jamil and me. Our relationship seems so tenuous.
Paul: When you know it's all but over, bone it like you own it!
Andreas: I've been using Paul's car while he's on a 5-week hike, but I'm afraid that it's about to die of its own accord.
Booby: If it's on its way out anyway, bone it like you own it.
when a male gets a boner, and either...
1) passes the girl on to another guy, so he can get a boner.
2) takes a slutty girl from a guy, so he can get a boner.
hens- loan it.
erik- DUDE JUST LET ME LOAN MARIA SO I CANBONE IT...aka bone it and loan it.