To be taken by a ponzi scheme. To lose money on a venture when one party doesn't live up to its' agreements. To get stung in a bad deal where one side doesn't live up to expectations.
"Our company is thinking of sponsoring that race team, but we need to perform better due-dilly so as not to get stingered again."
"We tried to pre-order that new crowd-funded widget, but we got stingered and the company never delivered. I'm still waiting!!!"
1. To slow or inhibit forward movement or progress to the point of stagnation and ultimately, death.
2. The act of drawing someone's attention away from something, or to deflect.
3. The polar opposite of helpful.