To consume a level of alcohol in which the consumer is no longer able to take responibility for his/her own actions. Generally in this case any action made by this person is frowned upon and forgotten about.
1) By fucking christ I was peeled last night.
2) FUCK hes peeled.
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When you are consuming a large amount of alcohol. Generally the aim of this exercise is the get extremely intoxicated.
1) Hey Sam, are you peeling tonight?
2) Yea, ill be peeling tonight.
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Great,excellent,fantastic,brilliant,marvelous
1) Shit, look at Page, how marvenous?
2) Canadian Club and drys.... how marvenous?