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A derivative of 'Phoned It In', 'Cageing It' is when an actor gives the most outlandish and ridiculously over the top performance possible; generally under the assumption that the film they're starring in is going to be terrible regardless of what they do (and they hate themselves a little for even being in it), and that the director is unwilling or unable to stop them from doing whatever they want.

Named for the over the top performances typified by Nicolas Cage.
Did you see Eddie Redmayne in Jupiter Ascending? Totally Cageing it.

What was with Michael Sheen at the end of Twilight? He was definitely Cageing It. That dude just didn't give a fuck.
by Val_Killmore February 27, 2015
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