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1.
(n., adv.) Giving/receiving a hand job with Cheeto residue on the business hand(s).
The first time I got a Cheeto Jack was after my babysitter and I shared a bag of Cheetos. When my mom discovered the Cheeto dust in my Teenage Mutant Ninja Turtles Underwear she about shit.
di Cheeto Jack1 09 gennaio 2013
 
2.
Synonym for "Steal"

But a Cheeto Jacking can only happen when the item being stolen is done in a quick and hilarious fashion.
Hunter: That guy just rolled by on his moped and snatched my PSP out of my hand!

Scotty: Dude! You just got cheeto jacked!
di Scotty Ranger 11 luglio 2008