The state that one finds themselves in when faced with seemingly insurmountable stress due to negligence on their part.
Jack: "There's an exam tomorrow?? SHIT, I haven't even opened the textbook!"
Jill: "Looks like you're a fried owl."
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A fried owl is similar to a night owl, but taken 1 step further. Someone may be tired from late night work, partying, or even skating with the homies.