A term used to describe an
incident in which one has been
screwed over, injured, robbed, or
generally anything negative. Originates from the gym, where a "derack" is when someone removes your weights from the bar while one is still performing the exercise.
Example 1:
Bob: What happened during 9/11?
Carl: Oh nothing, just Al-Qaeda deracked
New York City in a solidly executed derack.
Bob: How many lives were deracked?
Carl: 2,996 lives were deracked, to be exact.
Example 2:
George: What's wrong with your cousin's leg?
Sukhbinder: Oh, it got deracked by an IED in Iraq.
George: Oh.
Example 3:
Horatio: What happened to that
jewelry store?
Jose: $300,000 worth of jewelry was deracked by a bunch of Colombians, who pawned it off for some premium coke.
