Adjective phrase, meaning not being in a state of one's normal mind. This could mean really tired, confused, insane, etc.
Joe: John just woke up, and man, he's out of it!
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The day after Christmas where people return presents they received because they either already had a duplicate, or just didn't like the item.
17:03 Joe32: what do you guys do on boxing day?
17:03 John33: Return crap presents.
17:03 Joe32: oh
17:03 John33: Buy more ****
17:03 Joe32: why dont we have that holiday?
17:03 John33: For returning presents.
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