Elite: Dangerous Slang Dictionary and creator.

Lazy Tax: A bulletin board request offering a premium price for a product available for sale at the same station. "Boarders have it easy some times. Bunch of melon farmers just offered to pay a thousand percent lazy tax on some hydrogen fuel."
 
Clearing your Baffles: Aligning on a station and then rotating 90 degrees to re-align the other ships off your flight path. Ensuring nothing is coming up behind you to interdict you.
 
Clearing your Baffles: Aligning on a station and then rotating 90 degrees to re-align the other ships off your flight path. Ensuring nothing is coming up behind you to interdict you.

Crazy Ivan: Sudden change in direction by a ship that you are about to interdict.
 
Basking : To zero your throttle when scooping, and slowly edging towards the maximum temperature zone your ship will tolerate while sipping up the solar juice. "He caught a kitten basking at Riedquat, lassoed it no sweat and had his lunchtime!"

To Go Ballistic : To turn Flight-Assist off and zero your throttle. (or to entirely lose all semblance of composure due to aggravation) "When Mike got his dome popped for the fourth time, he went F#$ing ballistic!" or "Jake always goes ballistic when he's running cold to get some hot stuff into the station."

To Pop a Dome: To break the canopy of a spacecraft, triggering the countdown to being spaced. "Harry flew into the station with his frelling hair on fire last night, did he get his dome popped or something?

To Run Cold: To fly with your vents (or gills) closed (silent running engaged) or to turn off almost all of your modules so that the heat output of your ship is very low. "Why didnt you find that mudder? He was running cold man!"

Hot Stuff: Anything considered illegal by the authorities in the space you are traversing. "If these rozzers keep catching me with a belly full of hot stuff I aint never gonna make no dime!"
 
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Leaf in the wind, to be: to pilot very accurate in the thick of battle, circling a cap-ship and dodging it's defenses. Pilot death after encounter can occurr.
 
Could I suggest :-

Hutton

To make a ridiculously long journey for no benefit, usually as a result of failing to read the map properly before setting out.

Die of Thirst

To run out of fuel mid flight, crashing out of SC to find all the systems have shut down and die 5 minutes later when the air runs out. An avoidable death since we have fuel scoops.

Heart Failure

2 possible meanings:-

a) The moment when you deploy weapons and the life support shuts down because the ship's heart (power supply) is too weak.
b) Reaction of the pilot when it happens mid fight.

Go for a spin

Accidentally turn off thrusters in SC
 
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your toast rack is also known as a cattle rack.

edit , almost forgot.
( got spiked in the station)
everyone does that at least once :)
 
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W wiggle = saying hi to other Cmdr by wiggling wings also used to show no hostile intentions.(very common during the Alpha)
Uss = unidentified signal source.
S spiked = (got spiked) is colliding with the spike in a space station.
J jousting = fighting with newtonian flight model
 
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Dagger: The Faulcon De-Lacy Anaconda.
Broadsword: The Federation Farragut Class Battlecruiser.
Punch The Nose, To: To hit the enemy power unit module to cause ship destruction before ship hull structural integrity failure.
Run Deep, To: Engage silent running
Run up the Tab, To: rack up bounties.
Bait and Switch, To: watch a hostile ship increase their bounty status and engage when amount is worth the risk of engagement.
 
Cue Balling: Approaching unknown systems in supercruise and lining up orbital paths so that they can be all scanned with minimal movement of scaanner "I'm just cue balling this gas giant system and then I'm out of here..."
 
Just wanted to mention I'm picking a few of these to feature on-screen on the unofficial Galnet videos on YouTube, example: http://youtu.be/Sb025Dpf9uI

I think these slang terms are great and I've even started using some myself (although not in the news audio) so it's rubbing off!
 
mungo, to: the art of fighting victoriously against a much larger ship, like the animal of old earth hunts snakes for a living.

War tourist: a person who is attracted by the conflicts in the galaxy and visits them to watch and/or partake in them
 
I just wanted to say that the slang insert in the unofficial Galnet YouTube videos has gone down really well with the viewers, with lots of positive comments! I am just worried that, at 4 per news broadcast, they might run out!

Keep up the good work in this thread compiling and contributing though.
 
Ink, the: empty space, alternative to the Void.

Sprint (-er, -ing): a style of mining that is very quick, that involves collecting freed ore as soon as it is cut from the asteroid. -er; a miner who sprint mines. "Bloody sprinter gonna get roided if he ain't careful."

Cloud (-er, -ing): a style of mining that involves cutting much ore free from the rock, and letting it drift out into open space for collection. -er: a miner who cloud mines. "That clouder better hurry up, or the ink's gonna claim the ore before he does."

Grill Liner: Miner slang for gold; believed to be derived from 21st century fashion style of encasing one's teeth in solid gold. "This belter's hold is full of grill liner."

Moon (-ing): To retreat, via Frame Shift Drive. Derived from 20th century term, for the act of pulling down one's pants and showing his bare buttocks to their fellows. "Let's moon 'em!"

((These are terms some friends and I came up with on our own. Seemed like it would be appropriate to add here! Save the mooning part. That comes from Firefly.))
 
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Great post. Here are some of the ones I can think of.

Ganked - technically, I am pretty sure this is just slang for ambushed, and doesn't necessitate being destroyed, or work any time you are destroyed, even if it was by overwhelming force. Generally a surprise attack with high alpha, which brings up...
Alpha - not exclusive to ED, but not enough people know what is meant when this is talked about. I believe it is short for "alpha strike" and refers to a large burst of damage able to be dealt before the defending party realizes he is in combat.
'Conda - An abbreviation for the Anaconda similar to Sidey for Sidewinders.
 
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