What does bone it like you own it mean?

bone it like you own it meaning in Urban Dictionary

An utterance of encouragement to deal with a person/thing to be an individual's permanent possession/property, free to be mistreated/misused, specially when both the encourager and encouragee know these types of never to become case. Generally done whenever loss/destruction of a partner/object is imminent, or when one does not take the lover's next partner/item's after that owner under consideration.