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Taking the piss [out of someone/something]

Making fun of someone or something, or kidding with someone about something.
You really won the lottery?

Naw, I'm just taking the piss.

are you taking the piss 

It's is a British term that people often use to say 'are you joking' or 'are you serious'. 'Piss' means 'urine'. Someone who takes the piss a lot is often called a 'piss take' since they 'take the piss'.
A:sorry I ain't got your money today mate

B: are you taking the piss!?

taking out the piss 

When a drunk person forgets how to English and tries to take the piss with his his drinking buddies
Joey stop taking out the piss
taking out the piss by PSUnited April 12, 2017

Taking a piss off the Hollywood sign 

Taking a piss off the Hollywood sign either is protesting the perfection wanted of people or physically urinating off said sign.
Man:”I went and got a drink.”
Man 2: “Oh no.”
Man: “Yeah I ended up Taking a piss off the Hollywood sign.”
Man 2: “Protesting?”
Man: “No... literally.”

are you takin the piss

originating in the UK, it means "are you kidding"
"hey there is werewolves out there"
"are you takin the piss?"