When a person bails on their bar tab, causing a massive overhaul in the bar-tab policy. Likely resulting in everyone having to pay cash upfront.
Derived from the words: 'reest' (to be noisily uncooperative) and the word 'resign' (to give up responsibility).
I went to grab a cold one with a friend, ended up stuck with a massive tab after they bailed on paying. I totally got 'reesed', now the bar is making us all pay cash upfront.
Dude, did you see that guy dine and ditch ? Even though he is devilishly-handsome, he totally reesed on the bill.