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This phrase means you got bit by a rabid animal and now you're gonna die or turn into a monster. People use it to yell at someone for petting a dog that looks like it wants to kill them.
I sitnk poo raies b because you let that feral dog lick your face.
You just got bit by a raccoon and now you're gonna be a raccoon.
I sitnk poo raies b and I'm not even mad.