The Snagging of a bracelet is the act of taking someone's virginity when you're not a virgin. After this act occurs a friend is obligated to make the snagger, a bracelet.
Ex: "Oh my god you see that bracelet on Ashley's wrist? She snagged it from Richard!
The act of taking a small quantity of food or something edible and not paying for it.
Yesterday we headed over to Wegmans but not to buy food. Oh no no. We were there for a little S and G. So me and my nigga bovice stopped over to the candy isle and ate all the shit we could thus preforming the snag and go, ya cunt.