An exaggeration of the butterfly effect. Used when someone is responding strongly to a meaningless event.
Clearly it was butterfly farts that brought the stock to this point without news.
Charlesed can also refer to being killed in a game (like DoTA) by a shitty player. It is used to express outrage at being owned by some dipshit with a room-temperature IQ and a fully upgraded Dagon.
That mother fucker just Charlesed me! I had like 80 life left and he used his fucking Dagon? Is he fucking retarded?
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