When you or someone else does something extremelyembarrassing and all you can do is "cough it off"
This is much like "walking it off" but only for embarrassment instead of pain
Friend 1 - Oh man did you see Tom lose his pants in front
of that group of hot chicks Friend 2 - Ya man he totaly just had to cough it off
I felt so bad for him
First of the terms being used when you won a bet against someone involving money. The second one is used when you catch someone red handed, or have proof against that persondoing something.
1.) Aaron: heh loser, Cough it up furball!
Dani: Fine! *gives Aaron twenty dollars*
2.) Kart: Kendra saw you kiss Pete Tora.
Kendra: so cough it up furball!
Refers to the Washington State University (Cougars) football team:
1. To snatch defeat from the jaws of victory
2. To lose when there is no possible way to do so, and to do it in a particularly spectacular manner
Expression used at the University of Washington to describe the manner in which the Washington State University loses (predominately) football games. Generally, the Cougars compile a healthy lead only to completely fuck it all up late in the game, especially in the Apple Cup. It's fucking sweet.