Getting drunk/stoned when you shouldn't have and in hindsight comparing yourself to a fish falling for a worm on a hook. This is originally a Ween lyric.
I ate the worm last night, and tonight I'll probably do it again.
Taking a haircomb and running it through your pubes to get the crabs out
"damn bitch you need to go crabbing"
Being fucked up, high, drunk, etc..
'Yakked' being the verb, 'goozer' being the subject
"Dude i'm yakked off the goozer right now"
"holy crap dude nice"