Reflexive Verb (v): Being Bilbo Bagisn'd means one has just been shuddered at, in surprise and alarm, while trying to reach for a marijuana smoking device. The person doing the bagginsing will generally mimick the suprised and alarmed face of Bilbo Baggins yelling "don't touch it!", or some other defensive speech pattern, while hiding the bong as if it is the most precious thing in the world to them.
Stoner 1: Hey dude lemme hit that Shii--(while reaching for bowl)
Stoner 2: (turns away erratically while pulling bowl in safer area next to his chest), exhibits some strange noise as a manifestation of a defensive and alarmed response, or yells, "don't touch it"
Stoner 3 to Stoner 1 " ha you just got bilbo baggins'd son!"
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)