What is bagsy tax black magic?

U.K. Slang. Calling dibs. Has the same definition as "bagsy" - to claim something for yourself - but is more powerful.

A "bagsy tax black magic" is the ultimate form of dibs. It beats the second highest dibs; "bagsy tax", and lastly, the least authoritative; "bagsy".

Bob: "Geez some chuggy."
Alice: "There's wan left."
Bob: "Bagsy"
Chris: "Bagsy tax" *Chris claims the chuggy from Bob*
Chris: "Yaaaas, ya fucken wank-stain."
Dick: "Bagsy tax black magic" *Dick unleashes the power of a bagsy tax black magic and omnipotently claims the chuggy*
Dick: "Ya dancer!"

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bagsy tax black magic - video