Lag Switch

Noun:1. A device used to intentionally slow or completely stop data flow from the modem to the computer/gaming console for a short period of time. In online games, using a lag switch will allow you to become momentarily invincible. Your opponents are very easy to kill if you use a lag switch. Most leagues and ladders prohibit lag switches and consider them as cheating. 2. A device that lets you cheat in online games.
Verb:1. To use a lag switch to own an opponent. 2. A joking way of saying your going to kick some ass. Does not really mean you plan to cheat.

Either definition of both the Noun and Verb can be used depending on the context.
Noun: That guy lags out everytime I shoot at him! Lag switch alert!
Verb: That guys been camping all game! Time to lag switch that hoe!

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