Originally a Malapropsim posted by a person on Craigslist, "coned" is like "boned" but much worse, the implication that you've been reamed, but, since leaving a cone-like hole, it's 'boning' on a much larger scale.
"I guess we're boned," said party x. "No, it's much worse, do you see that semi? We're pretty much coned."
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