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Comes from the root word "merk".
Means killing, beating, murdering, insulting, owning, pwning, etc.
*Playing a first person shooter*
Man, he's merking EVERYBODY!
Merking by Ducez March 31, 2012
Related Words

Merungerie 

Mispronunciation of menagerie. Usually pronounced this way if you're a lemon.
I SEE YOU'VE MADE IT PAST OUR LEMON..... MMMMMMMERUNGERIE
Merungerie by Teh_Danz0r March 18, 2013
Ford's high performance sedans from the mid-late 1980's. Quick car, unpronouncable name. Driving one these days solicits "WTF!!" reactions.
Commoner: Whoa, wtf is that? An Escort?
Merkanic: No, fool. It's a mare-coor.
Commoner: Riiight... nice wing.
Merkanic: Thanks, it's stock.
merkur by Colin August 26, 2004

Merkantalism 

Merking everybody non-stop as they try to snake their way through traffic. Often used while playing Mario Kart as a policy towards the other racers. As they try to snake their way past you, you simply hit them with a shell, banana, bomb, or other item in order to merk them. When done correctly this will drop them back a few places as well as bring shame upon their racing reputation.
When Pat entered first place on his favorite course, Figure 8 Circuit, we all let out a chuckle as I said "Well look who's about to get merked by my blue shell." *I paused, waiting for my shell to hit Pat* "You can call that Merkantalism."
Merkantalism by Pinkie D October 26, 2011

merkingaga

a merkin that is made out of something unusual instead of the normal synthetic hair......in honor of Lady Gaga. Feathers or a Colorful Clown wig cut down to size would be acceptable...
For example, lisa did not want to wear a normal merkin. So she made her own "merkingaga" in Lady Gaga style with some peacock feathers. She also made one from a clown wig that was cut down to size.
merkingaga by Diabla007 April 28, 2011
A pubic hair piece. A toupee for the pubic area/genitals. In the 1700’s when mercury was used to treat sexually transmitted diseases (Gonorrhea or Syphilis) one of the side effects was the loss of pubic hair. To disguise this condition, that was not cured by mercury, a Merkin was employed.
17th Century setting: Due to his treatment of the "French Pox" (syphilis) with mercury a merkin Gwendolyn used a Merkin to used to hide the side effects of hair loss and not alarm her husband.
Merkin by David W. Tuthill December 30, 2005