An utterance of encouragement to treat a person/thing as being one's permanent possession/property, free to be mistreated/misused, especially when both the encourager and encouragee know such not to be the case. Commonly done when loss/destruction of a partner/object is imminent, or when one does not take the partner's next partner/item's next owner into consideration.
Kris: I don't think it's going to work between Jamil and me. Our relationship seems so tenuous.
Paul: When you know it's all but over, bone it like you own it!
Andreas: I've been using Paul's car while he's on a 5-week hike, but I'm afraid that it's about to die of its own accord.
Booby: If it's on its way out anyway, bone it like you own it.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.