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The act of sitting on substantial wealth reserves with no intention and/or ready method by which to exchange it for goods and services. A reference to the dragon named "Smaug" from J.R.R. Tolkien's "The Hobbit" who acquires and obsesses over vast treasure reserves yet has no way or desire to spend or trade them.
Used to refer to members of the Bitcoin community who have acquired large stores of bitcoins yet few outlets by which to spend them for things that they might want.
Sam says he is totally smauging on his Bitcoin stash until he can buy a new house with it.
/smaug/
adj.
Something overwhelmingly badass.
The second Hobbit movie was so SMAUG!!!
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1. The kickass dragon from J.R.R Tolkien's THE HOBBIT.
2. My hamster.
Smaug likes running on his plastic wheel.
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1. n--the sulky, angry (but very impressive) dragon from Tolkein's tale, The Hobbit, whose secret weakness was a spot on his left breast unprotected by scales.
2. n, slang--someone who puts up a big front of power to conceal his/her balls.
3. v--to put up a big front of power to conceal one's balls
1. Smaug reared up to show his massive strength and power, but Bilbo pointed out the flaw in his armor.
2. Bush is a huge smaug; he's always trying to hide the fact that his brain is full of balls behind a bunch of pointless aggression.
3. Dude, quit smauging--it's ok that you don't always have the answer.
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An idiot of a dragon who thought burning Laketown was a good idea. Of course he was shot down by Bard the Bowman through a gap in his scales.
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A code for when an individual wants to log into Skype, or any other video chat medium, to have virtual sex with an acquaintance.
"Yo man, you wanna chill tonight bro?"
"Sorry homie, Smaug is on tonight."
"What?"
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Show up to a place, conquer and make everyone else leave, take over and move in for a good long time,or until you die.
Well she already had a boyfriend but if figured who cares, #Smaug.
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