Claiming that you've just had sex, while failing to mention that the sexual partner was your hand.
Guy 1: I got laid AGAIN last night! Hive five this, bro!
Guy 2: No way, I know you are exaggerbating again, I saw you come out of your room alone.
Verb. Getting euphoric enjoyment from building one exaggeration on top of another.
I was so bored listening to Harry exaggerbate about his big date last night.