Cluggin’ is the act of excessive salivation due to passionatecunnilingus with your lady friend that it sounds like you may be in distress from drowning.
Chip: “Yoooo bro, I was hella cluggin’ Taylor’s shaved beef slices last night, I almosted drowned dude, no caps.”
Eric Gingwater III: “Bro, I heard that shit all the way downstairs while I was getting some ice for my apple-tini. I thought you were doing that 64oz Spicy Ketchup chug challenge or something. It sounded like a fat guy trying to eat 96 funnel cakes at the fair all at the same time. I’m glad you’re ok tho, you had me worried there for a sec. “
Primarily the merging of boundaries in company law and common parlance to fictitiously allow a football club to be "saved out of administration" by means of not agreeing a CVA (Creditors Voluntary Agreement) and thereafter liquidation. The Clumpany is formed out of a deep fear of facing reality that your football club is dead and a new Holding Company (HoldingCo) emerges having purchased the assets (NOT THE CLUB)
The Clumpany has become popular method of breaching all Insolvency Laws, Football Association Rules, Articles of Association and offering the brass neck (see Sevconium) to stiff creditors claiming a continuation of the previous football business.