to be rollin like a big tymer usually to large sums of money and jewlery
see:bling-bling
i'm an iced ot thug rollin on double dubs
To chill out and do nothing; just hang out.
"What are you doing tonight?"
"I think I'm just going to ice out."
to be wasted off of Smirnoff Ice, usually a result of bros icing bros.
frat boy 1: shit dude, you were way iced out yesterday!!!
frat boy 2: shit man, i still am, bro!!!!
When a person has both of their nipples pierced.
Person 1: My girlfriend won't let me bring magnets into the bedroom.
Person 2: Why?
Person 1: She has them Twins Iced Out!