v. To get together with friends for dinner and over-indulge in wine, resulting in an extreme hangover and a wasted day. It's basically synonomous with getting smashed in the context of a casual dinner with friends.
Dude, I got totally rollo-farmered last night. We had fat ribeyes and like 2 bottles of wine each. My head is killing me.
John: I can't make it to the game today.
Tim: Why not?
John: We went over to the Smith's last night and got rollo-farmered. Nancy can't get out of bed, so I have to watch the kids all day.