To take advantage of someone, typically when money is involved. The money will only flow in one direction. 'Seibing' often involves cards games like blackjack, blackjack, or blackjack. It can also happen during the art of buying and selling, which Seibs have perfected over the years.
For example, you buy a drumset for $75. You then sell the drumset to your cousin for $100. Congrats, you just Seibed your cousin.
Neeley didn't see that ace up my sleeve during blackjack. I just got 7 blackjacks in a row with it. She got Seibed!
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