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The act of sitting on substantial wealth reserves with no intention and/or ready method by which to exchange it for goods and services. A reference to the dragon named "Smaug" from J.R.R. Tolkien's "The Hobbit" who acquires and obsesses over vast treasure reserves yet has no way or desire to spend or trade them.

Used to refer to members of the Bitcoin community who have acquired large stores of bitcoins yet few outlets by which to spend them for things that they might want.
Sam says he is totally smauging on his Bitcoin stash until he can buy a new house with it.
Smauging by Spelunkin Magazine December 17, 2013
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Smaughing 

1. The action that is intermediate between smiling and laughing.

2. When you read something on the internet and you want to laugh but you end up smiling.
"I was stm, smaughing to myself, when I read that text message."
Smaughing by T-i-double-f January 3, 2010
Related Words

smanging 

the fusion of smashing and banging born in the catalyst of aggressive fucking. to ferociously penetrate your partner while bending her over a balcony during spring break.
Dude, last night I was smanging this chick so hard we broke the bed.
smanging by smangapedic May 4, 2011

Smanging 

Either a verb, or an adjective

credits to: ricky and uh llama
Adj. Ex.

Person 1: "Wow, this food is Smanging!"
Person 2: "What the fuck is Smanging?"

Verb Ex.

Person 1: "Don't you just love Smanging your thang?
Person 2: "What the fuck is Smanging?"
Smanging by literallyricky September 8, 2023

smadging 

The process of making up definitions to words in order to freak out the undiscerning internet user.
Vic: Snorgling means WHAT?!?
Loki: Don't worry, man, pontifex is just smadging with you.
smadging by fuzzybabybunny January 14, 2009

smanging 

not just banging pussy but smashing it also.
Dude, I was totally smanging this chick last night that licked jello off me.
smanging by Mr. Elam May 29, 2011
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.

Man, I just watched the funniest nutshot video ever.
Nutshot by Uberflaven March 1, 2009
Word of the Day on June 26, 2026