1.the state of being left hanging to a great degree 2.the state of being screwed over to a great degree
Mike asked his friend Peter to bring him a dollar, so he could afford the speakers which he needed the next day, Peter said no problem.
The Next Day:
Mike: "Hey where's that money?"
Peter: "What are you talking about? i gotta go, cya!"
Mike: "Nake n Bake man... Nake and Bake..."