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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

Stink lines

As seen in illustrations or cartoons: Wavy, vertical lines rising above a person, place or thing. Denotes a foul odor.
"You didn't put enough stink lines on your picture of the teacher."
Stink lines by Athene Airheart March 14, 2004