To inject an illicit drug intravenously.
Grandma liked to sit out on the verandah and ping up morphine.
the act of exerting overexcitement at the mere idea of playing ping pong.
Robert: hey, man, we should totally go play some ping pong.
Terrence (way to excited): HOLY MOTHER OF FUCK THAT SOUNDS AMAZING!!!! LETS GO "PING PONG IT UP"!!!!