To take advantage of a friend with a higher income so that they will pay your way for lunch, movie tickets, etc. This can either be with prior notification (notifying the friend that they are about to be the recipient of this action) or it can be a surprise poodling, such as when you seem to have forgotten your wallet when the bill arrives.
We went to Taco Bell and Hong totally poodled me.
I'm poodling you for pizza. Let's go.