1) To rip off someone else's intellectual property and claim it as your own, as the pop band Coldplay has done repeatedly.
also common -
2) get/be coldplayed: to be the object or victim of someone else's ripoff scheme.
1) "Dude, that Viva La Vida song is epic"
"Yeah? It'd be a lot more epic if they hadn't coldplayed the entire melody line and chord progression straight from Joe Satriani's 'If I Could Fly'. "
2) "Damn, I love that remake of Kraftwerk's 'Computer Love' don't you?"
"Well, sadly it's actually not Kraftwerk, they just got coldplayed."
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