The act of fucking up, or making a moderately huge mistake.
Origin: Accidentally letting the tea bag dissolve itself in your tea and drinking it afterwards without realizing it
Person1 : "You were really drunk last night.. you puked in my shoe!"
Person2 : "You serious? I don't remember shit, dude..."
Person1 : "Yeah, you really drank the bag, dude!"
Person2 : "Shut up about me drinking the bag, dude!!"