While playing Texas Hold'em, it is the act of folding before the flop for a small bet ($1-$2) then getting a winning hand on the flop. Usually it is a full house or better.
I can't believe he folded a Jack/Seven suited when 3 sevens came out on the flop. That was a real jake out...
by Jeff Boy RD April 14, 2013
Get the Jake Outmug. Dude #1: *Thinking about food*
Dude #2: Hey dude, why are you staring off into the distance.
Dude #1: sorry dude, I was jakeing out...
Dude #2: Hey dude, why are you staring off into the distance.
Dude #1: sorry dude, I was jakeing out...
by Timbenjamo April 23, 2018
Get the Jakeing Outmug.