Okay cc, I'm in the first or second blind in a buck fifty SnG, and get dealt pocket queens utg. Decide to limp in cause I'm almost certain I'll get a raise from the loose aggressive player to my left, and sure enough raises to 80. I decide to 3bet 3 times his raise because he's been raising pre flop with some funky hands already. He pushes all in and I call, because as I've outlined, I really believe he could have anything (within reason) but sure enough he turns over aces and sends me packing. What did I do wrong? Is this one of the few situations I should have folded my queens?
Imo you played it completely wrong. NEVER-ever open-limp UTG and then raise it. That's like #1 tell of someone having QQ/KK/AA in micro-stakes.
Next think that you need to consider are the stack sizes. If you both had like 1500 stacks and the blinds 10/20, it wouldn't make any sense to gamble your SNG life so early. Only thing that's going to go all-in here is AA/KK or AK, to which you are a huge underdog or flipping at best.
You could have avoided the situation if you raised yourself preflop, called his 3bet (or maybe he'd have called) and decided on the flop.