When a friend makes a joke about you or relating to something you just did. Sometimes saying something out of reference or just plain dumb, can result in a blaze of oneself.
Also, can be used to describe a situation that happened in earlier time. In this case would take past tense of Blazed.
Bekkah: I've been tanning
Cortney: (grabs a piece of paper and holds to Bekkah's leg) BLAZE!!
or
Paul: Let's go to dinner at 5
Cortney: Why thats Grandpa Swagg
Ben: Paul is trying to get the door busters!
Cortney: Blaze!