shabu-shabu (Japanese-style hot pot)

see 涮鍋子|涮锅子[shuan4 guo1 zi5]

instant-boiled mutton; thinly sliced mutton cooked briefly in a hot pot

to eat hot pot; to cook thinly sliced meat briefly in boiling broth at the table

(coll.) to make fun of; to tease; to rib