To bust or break through something, to penetrate.
"The Kool-Aid man totally just ping'd that wall!"
by PJMP August 16, 2006
When a website/idea/product is launched or expands and destroys the rest of the market.
"Twitter Ping'd other micro-blogging sites".
"The new type of Coke totally ping'd Pepsi".
by SocialMediaGuru September 15, 2010