What does the phrase 'thief from thief makes God laugh'?

Question

I heard someone say it but could not find a real definition of it. =S

Answer 1

A thief is commiting a sin, and thinking hes one step ahead, but in fact, someone is playing him at hes own game. That's why god is laughing.

Answer 2

I think it means what goes around comes around? You know,  thief took something from another theif