A term used to encourage drinking. This term can be used at any point in the day, amongst old friends or new ones that have just been acquired at the bar. A preferred term to "wrecked" or "wankered" as it allows the caller of the term to be a little more melodic.
Matt: "What are we doing tonight?"
Bert: "Dunno, maybe hit the pub."
Matt: "Pub? Little bit of LGFW?
Bert: "I have work in the morning..."
Matt: "Man up. Let's get fuckin' waaasteeeeeed."