to be pissed off or annoyed with someone or a situation; also used in the phrase "jerked off". although I usually just use the terms "pissed off" or "annoyed" myself, I've heard this phrase by certain people in NY (although as a fellow NY'er, I smile a little to myself, since the terminology to me means yanking someone's yam, lol).
Being placed into unreasonable situations generally for the benefit or amusement of someone else. This often occurs as punishment for minor transgressions or a simple faux pas.
"Man when Travis applied for a new job and then was denied a promotion because of it, he was jerked around. Those bitch managers need to get laid and stop messing with peoples lives."