1. A huge bar tab that has been left to over-run out of control, unbeknown to the original owner of the tab.
2. Someone who has over indulged in cocaine, causing them to slur like a paraplegic.
(Influenced by the Badger in the movie "It's All Gone Pete Tong")
"Did you see Ed's face last night? bloody hell he was racked-up like a badger."
"Paul you better get down here, I've just checked the bar tab and its racked-up like a badger."
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