Definder - what does the word mean?

What is take a Dick Smith?

Verb. Liquidating one's assets (esp. community property) for pure personal gain and leaving; abandoning societal/familial social, moral and ethical expectations; forsaking one's responsibilities. Taking the easy way out.

Dick Smith was married and had 5 children. He had a big house with expensive cars and all the trappings of a wealthy family. One day Dick lost his job and after leaving work, liquidated all of his bank accounts and assets and left town, leaving his family high and dry.

Applications-

1. Someone gets fired from work- "he took a Dick Smith"
2. You are at a party and want to leave- "Hey I am going to take a Dick Smith"
3. Someone quits a job- "I took a Dick Smith"
4. Sean White lost in the Olympics- "Sean White took a Dick Smith in that event"
5. A store or restaurant closes- "They took a Dick Smith"

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take a Dick Smith - video