Meaning something is like, seriously cool, normally proceeded by the word Neato.
Jane: "Hey they came out with a new flavor of hotpockets."
John: "Neato Kabito!"
The state one finds oneself in after a prolonged bender or an extended state of inebriation. Can also describe the act of becoming intoxicated, inebriated, high, turnt, tanked, or wrecked, especially after a period of abstinence or sobriety. Used similarly to the phrase "Three sheets to the wind". It denotes that one hasn't just fallen off "the wagon", but has in fact gone under the wheels and subsequently wrapped round the axle.
Hey Jack, I thought you were off the sauce? Looks like you've been getting wrapped round the axle again.
Man, I must have blacked out last night, I haven't haven't gotten that fucked up since last mardi gras, I really got wrapped around the axle *vomit*
Yo, Mark, wanna come by for Forties and blunts? Fuckin A we're getting wrapped round the axle tonight boooooi
I'm higher than Cooter Brown, two more hits and I'ma be axle wrapped.
Fat, rotund, big-boned, portly
Nathan: I'm getting fat as fuck.
Drayton: Nah man, you're not fat, your just sideways tall.