To deceive, to cheat, to screw over, to rip off. Derived from the prefix об- (meaning around, completely, or bypassing) and the root ёб- (to fuck). In everyday slang, it is a highly expressive, aggressive verb used to describe successfully deceiving someone, tricking them out of money, or gaining an unfair advantage through cunning or fraud (меня опять объебали на вокзале — “I got ripped off at the station again”). It implies a total, often humiliating triumph over the victim’s gullibility.
Когда тебе уделяют слишком много внимания — значит тебя хотят либо объебать, либо выебать!
When you are getting too much attention it means you’re either going to be conned or fucked!
(Валентина Гулецкая @ mail.ru, 04/2011)
