To stand by means to be a lazy ass just hanging around, waiting for something to happen while everyone else is busting their balls. It's like being a useless spectator in a shitshow, just watching the chaos unfold without lifting a finger.
An example of ''to stand by'':
For example, if your friend’s getting their face punched in at a bar and you’re just standing by, you’re basically saying, “I’m too chicken to help, but I’ll watch the show.”
1. Select a player (real or fantasy) during a sports draft to spite or anger one or more of your opponents because they had intended to select him/her.
2. Select a player (real or fantasy) during a sport draft to put one or more of your opponents at a strategic disadvantage.
1. Billy hate drafted Chad OchoCinco because he knew Sam had wanted him since he is from Cincinnati. Billy already had plenty of players to fill that position but wanted to make sure Sam didn't get him.
2. Billy hate drafted Peyton Manning because he was the only good quarterback left and he knew Sam had been planning on drafting him.