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The stop-n-go is used when you have a short stack in a no limit Texas holdem tournament and you've decided you're going to play for all chips. However, instead of just reraising all-in right away, which would guarantee a call if you're short enough, you call the raise and then bet all-in no matter what flop (unless you flop an absolute monster).
*Here's an example: you have 500 chips after posting 100 in the big blind, and you have KQ. The button raises to 300. You could reraise immediately, but if you call and then push any flop you have a chance to make a hand like A3 or 22 fold. This would obviously be a huge score for you.