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to disarm / halt / tear into the opponent. all together reinforce the fact that YOU are THE BOSS.
used in Forgetting Sarah Marshall:

"Do you really wanna have this conversation? BECAUSE I WILL EQUALIZE YOU!!"
by katsuchiyo May 02, 2008
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To cause great discomfort to another individual for humorous purposes ( eg. Twisting a male's nipples, dumping water over another's head, etc.)
I'm going to equalize you.

No, don't equalize me!

Equalization is necessary to make fun of him today.
by AJulieta January 31, 2015
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