What is Lowjack?
1.
To have something taken from you by smooth talking or strong convincing. Not as violent or non-participatory as being High-jacked, being lowjacked involves ones own insecure or gullible nature.
"He lowjacked me out of my bling by flattery and making me feel uncomfortable that he didn't have any!"
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2.
Common misspelling for
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I can't leave the house when I'm on house arrest without calling my PO(parole officer), or else my Lojack will go off.
3.
'Lowjack' is the term used to imply that someone has you on an electronic leash.
In other words, keeping track of where someone or something is by a device.
Like... if a guy's wife keeps calling his cell, or buys him on a new pager, you'd be like "Yo, your woman got you on the lowjack!"
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4.
An alternative means to access an item/area/knowledge.
I don't know the password but I might be able to lowjack my way in.
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5.
When you get fucked up or somebody takes your money
"Shit, son, don't walk around late at night. You might get lowjacked."