Despite the common meaning at first glance this phrase doesn't use jackin synonymous for stealing, as one might originally think, but in reality, masturbation.
To Jack ina Jag is to masturbate in an upper echelon high speed vehicle to show off presumably newly attended levels of wealth.
"I just got a bag from this court case, I'mfinna go jackin ina jag now"
or
"I ain't neva going to jack ina jag with these hours, I need to get my bread up"
a descriptive word for a person or thing that is cool, hot, awesome, or interesting. It can also be used in the slang "Jag" not like the old term meaning irritating individual.
A trip to a grocery store, convenience store, or gas station for the sole purpose of buying an excessive amount of junk food and sugary drinks, usually with friends. A chud run often happens late at night and ends with everyone involved hating themselves afterwards.