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Verb: (hal-ick-ing)
To lose all assets by gambling; to fail writing 107 four times; to fail computer literacy four times; to fail accounting four times; to fail Theology 3 times; to apply to numerous jobs using false credentials, only to quit one week later; to be dismissed by all friends and family; to be seen as a low life in society; to use school loans to gamble on sports; to cheat out of money (can be anything from friends to the catholic church).
Xavier says "Haha. My roomate dropped his writing class for the 3rd time this semester."

Jimmy Neutron replies "WOW! He is really hallocking this semester."
by Jimmy Johnstone October 14, 2005
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The act of slipping one's pants down to the knees, and furiously shitting on the side of the highway.
Dude after Five Guys I saw Tanner hallocking on the side of the road.
by rangerlax February 22, 2015
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