Someone who doesn't have a mental illness but acts completely fucking retarded.
Friend: *Jumps out a bus window*
Other friend: Ur fucking sped mate.
Literally short for Special Education Kid. This word doesn't mean that you necessarily require additional academic help, but that you are acting in an extremely stupid fashion.
Why did you take a shit in the urinal? You're such a sped.
Dumb, stupid, not very smart. Just oblivious to being smart
"Cody your so sped"
(adj) to call someone "sped" means you're saying they require special education or they are specially educated. Essentially, you're calling them a retard
1. You're actually sped
2. Lets say someone does something stupid, you say, "are you sped mate?"