This is the act of accusing someone of hackin in a online game without solid proof.
Meaning that you have jumped to a conclusion about someone "hacking" or "cheating"
"so and so is hacking please kick them from server."
A console which is terrible and commonly referred to as a PS3 or PlayStation 3. It is known in times as a very unsecure console which a 3 year old child from a Zimbabwe town managed to hack into and steal the account information of all of its online users.