(n) the act of exploring a neighboorhood with the express purpose of rummaging through people's trash or stuff set at the curb (usually in a vehicle for covering more ground, ease of removal) in order to find possibly valuable items; popular on weekends, nights before trash pickup
remember that lamp i found when we were out racooning last week? i found another one just like it at the thrift store yesterday!
The act foraging for food late at night in your own kitchen while under the influence of marijuana. One must sneak about their kitchen searching for munchies while trying not to wake up others who are sleeping, such as parents, spouses or any other person that would not appreciate you waking them up as you search for food. One must look for food as quietly as possible by the light of an open refrigerator.
I woke my wife up last night when I was racooning. I accidentally slammed the microwave door after pulling out a really hot mini pizza.
The act of stealing and drinking other people's beer, usually the ass. Most commonly found with half finished cans on the beer-pong table and if you have no self-respect, out at a bar. Usually the "racoon" is heavily inebriated and is only interested in consuming more beer.
"What the fuck? Where's my beer? I told you to watch it!"
"Sorry dude, some guy came out of the shadows and started raccooning beers left and right, he got like 4 of em.
"Dammit! This bar has a raccoon problem. Call animal control before he steals anything else."