What is Bagjacking?
1.
Reference to jerking off in a very forceful manner, such that the testicles are bounced, or "jacked"
We didn't get much work done, but we did a lot of bagjacking.
2.
the term that has replaced "purse-snatching" for the new millenium
"so yo, dis crackhead got blacklisted from da pawn shop, had ta start bagjacking fo' his fix, my nigga!"