Lakin' it Share definition Flag The act of massively overcompensating for any and all deficiencies or short-comings in one's life. Nate: Why are there fake testicles hanging from the back end of that man's small Toyota pick-up? Josh: Dude, he's totally lakin' it. Lakin' it by clndstn June 27, 2008 0 0 Get merch Get the Lakin' it mug. Buy Now — $32.95 See more merch