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To perform a ridiculous act, with a considerable chance of long term injury as a result. Can also be refered to as 'typical 'Oughts', when a stupid act is repeated, or is extremely predictable.
man 1: so what did you get up to at the weekend?

man 2: well, i set off a firework from my arse, but I over clenched, and gripped the rocket too tight. I badly burnt the cheeks of my arse. Luckily a pal tenderly applied coolent to my posterior. If I hadn't had that crate of super tennents it would have hurt so much i'd have had to stop drinking!

man 1:typical 'oughts!
'Oughts by Lord Splinter May 30, 2010
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Right honourable gentleman oughtahblahtahputahponlyputahptaxesoninhertianceanpensionsofcorporations 

Nobody:
Boris Johnson: Right honourable gentleman oughtahblahtahputahponlyputahptaxesoninhertianceanpensionsofcorporations
Related Words

Why I Ought To 

Boy, you've really done it this time. If you're searched up this term that means the old man's pissed and he ought to give you a good slugging. "Why I Ought To" is used in the darkest of times, and is usually a last-resort in situations like this. So, next time you hear this, alert the authorities or flee the scene at once, for your very life may hang in the balance.
*Boy spills milk all over the table*
Father: Ah! You've gone and done it this time, Mister! Why I Ought To . . .!
Why I Ought To by Meme_Dealer September 17, 2018

oughtn't 

Verb: Should not. The opposite of ought.
"Maybe we ought to eat some beans. Well, maybe we oughtn't."
oughtn't by RayJay1111 November 20, 2017
it’s a southern/ Devonshire way of saying it’s got to be...
Jenny:” do you think the guy Lisa has a crush on is a roadman?”

Amanda:” it ought to be”
Ought by Iszy is not noice May 19, 2019
Short for "ought to".
You oughta play, dog.
oughta by Fangsta March 17, 2003

oughties 

The current decade, between the years 2000 and 2010. In English, (most often British English), "ought" can mean "zero", thus the "oughties". This is used in lieu of zero, because "zeroties" sounds awkward. Unlike with the "eighties", the "nineties" and so on, there is no one name for the current decade enjoying wide usage.
"I can't recall the exact year, but George Harrison died some time in the early oughties."
oughties by Jontythan June 12, 2008