It means that you have been marked as a hot item.
"This is so not a feminist thing to say, but there is a group of women over at the bar who have you meat-tagged like nobody's business." -- Alyson; The L Word
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Tattoo that military personal (infantry mostly) get on the ribcage that says the persons name or other identity. Used because even if a body is burned beyond recognition, tattoos can still be seen.
Tom just got out of boot camp and got his meat tag before he ships out to Iraq.
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