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1. n--the sulky, angry (but very impressive) dragon from Tolkein's tale, The Hobbit, whose secret weakness was a spot on his left breast unprotected by scales.
2. n, slang--someone who puts up a big front of power to conceal his/her balls.
3. v--to put up a big front of power to conceal one's balls
1. Smaug reared up to show his massive strength and power, but Bilbo pointed out the flaw in his armor.
2. Bush is a huge smaug; he's always trying to hide the fact that his brain is full of balls behind a bunch of pointless aggression.
3. Dude, quit smauging--it's ok that you don't always have the answer.
by bodhibound November 02, 2007
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A code for when an individual wants to log into Skype, or any other video chat medium, to have virtual sex with an acquaintance.
"Yo man, you wanna chill tonight bro?"

"Sorry homie, Smaug is on tonight."

"What?"
by brownjebus December 30, 2016
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a fag0t cs plar hoo thiks hie is 1337
mi nmae is smuag teh fag0t!`!!1
by GAPHAGGINAWEJ December 30, 2003
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An idiot of a dragon who thought burning Laketown was a good idea. Of course he was shot down by Bard the Bowman through a gap in his scales.
"I am fire, I am dead"- Smaug
by DragonMesser May 27, 2018
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