In hockey, it is an informal word to describe a style of play where there are no penalties called. (Referee puts his whistle away...whatever)
"They Must be playin with Hudson Bay Rules tonight."
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In ice hockey, pertaining to the last few seconds of a very close game. It suggests that a team should engage in said rules to not let the other team win or score at all costs. Costs may include playing with extra intensity and engaging in illegal actions that would disable a player of the opposing team to make a play.
Hudson bay rules tonight! Dont give them anything!
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Also known as the Hudson principle. Permits intimate relationships of a two-year age gap max, limited to sophomore-senior and junior-(college) freshman pairings.
"Yo, your girl is still in high school?"
"Yeah, she's a senior at my old high school."
"I mean, yeah, but we're freshmen man."
"Dude, Hudson rule."