Melvin

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Melvin
/ˈmɛlˈvɪn/ (n.)

1. (Finance) A manoeuvre in which a fêted hedge-fund manager’s shorts are yanked up from behind him until they are wedged uncomfortably between his buttocks and then pulled up sharply from behind up over the head, typically as a prank by a bunch of day-traders on Reddit. (Named for Melvin Capital Management LP, the unfortunate fund to which this happened). Also called a short squeeze

2. (Everyone else) To yank a buddy’s underwear up from behind until it is wedged between his buttocks; a “wedgie”.

See also

• GameStop
• Bottom of the range
• Roll of honour