A foreshortened name for going to Quaker Steak and Lube, and getting blazed to such a degree that you actually barf. Auxiliary actions may or may not include: ordering milk as your drink, not actually eating any food, not being able to speak.
"Hey man, how was last night? I heard you went to Quaker Steak and Lube with some guys?"
"Yeah man, but this one guy ended up doing a Quaker Bake and Puke, he made a mess everywhere in the bathroom."
1👍 1👎