The act of sitting on substantial wealth reserves with no intention and/or ready method by which to exchange it for goods and services. A reference to the dragon named "Smaug" from J.R.R. Tolkien's "The Hobbit" who acquires and obsesses over vast treasure reserves yet has no way or desire to spend or trade them.
Used to refer to members of the Bitcoin community who have acquired large stores of bitcoins yet few outlets by which to spend them for things that they might want.
Sam says he is totally smauging on his Bitcoinstash until he can buy a new house with it.
An act of prayer among Native Americans involving the burning of sage, cedar or sweetgrass in an abalone shell, tin can, or other container that will hold the ashes safely.
The college student was expelled because the smell of his smudging was mistaken for marijuana.
the fusion of smashing and banging born in the catalyst of aggressive fucking. to ferociously penetrate your partner while bending her over a balcony during spring break.
Dude, last night I was smanging this chick so hard we broke the bed.