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It can just mean making fun of someone or something; it can mean blatantly flouting what one knows to be a rule or normally acceptable behaviour, just because one can get away with it; it can mean selfishly taking advantage of someone, or of a situation, or taking a liberty, especially one involving hogging all of what is understood to be a shared resource for oneself.
That's the eighth time you've been back to that all-you-can-eat buffet table and filled three plates, Dave. You're taking the piss now.
Specifically applied to contracting and building work means to price work or variations to work at far above market rates or expectations.
Old mate: "yer, me 20tonner is $500/HR dry hire"
Contract Admin: " Yeah...nah... yah taking the piss something chronic.... I'm paying $500/day and that's it"
two people simultaneously hit a gb
“hey dude, me and cali are taking a piss later tonight, wanna hang?”