1. A mutual agreement to suspend holiday gifts for at least one season, usually within a single family or circle of friends.
2. The act of replacing useless and pointless merchandise with something more meaningful, such as a charitable donation, service project or holiday party.
3. Wal-Mart's biggest nightmare.
Due to the recession, we've decided that Degifting is the best plan for Christmas this year. Instead, we're all getting together to serve food at the homeless shelter. I really don't need another Salad Shooter. Do you?
To brutally kick or stamp on someone whilst they are on the ground in the manner of Robert Deniro's portrayal of Jimmy Conway in the film Goodfellas, where they were murdering Billy Batts.
Direct Debiting is when a man gets on the floor and his asshole is bare, a girl will then come behind him and swipe the card between his butt cheeks and possibly insert the card inside his asshole.