When one has "gambled and lost," they have tried to fart, but in the process, some fecal matter has come out. Usually resulting in a "shower of shame." Opposite of "gambled and won."
by Jaker July 16, 2008
Get the gambled and lostmug. Carlos and I were hanging out in the hotel room when Carlos lifted a cheek and squeezed one out. Unfortunately it sounded wet. Carlos gambled and lost.
by perogi February 6, 2007
Get the Gambled and lostmug. A wet fart.
by Colorado Bootman September 30, 2021
Get the I Gambled and Lostmug. by Bill June 18, 2003
Get the gambled 'n lost/losemug.