By making a statement to counter a roast from a person.
My friend roasts the teacher, but the teacher made a counter-burn that made my friend shut up.
To equalize a trailing/running joint or blunt with a flame of your personal choice.
Yo, that shits running...counter-burn it bitch!
We don't waste no bud here, we always counter burn our woods.
Don't be a bum counter-burn that shit.
Hey watch that shit, it's running counter-burn it.
Around the turn, just Counter-Burn.