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To give money to someone (usually someone you trust, like a friend), and be betrayed, lied to, until a sad realization of reality occurs to you that you will not receive your money back.
Ex. 1
Person 1: "Did you ever get anything back?"
Person 2: "No, I was Ibsen'd!"

Ex. 2

Person 1 to Person 2: "That son of bitch spent all my money on his girlfriend didn't he!?"

Person 3: " You were Ibsen'd, huh?"
by Nazi Ewok September 26, 2011
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