When a group or individual neglects all responsibilities to get high for an interminable period of time.
Tom: What happened to Jason last lecture?
Kyle: He and Ben got really high and decided to take a bake-cation for our 3-day weekend.
Jerry: Hey Scott! I need an ounce of pot for this weekend.
Scott: I noticed you took a week off work. Bake-cation?
Jerry: For suresies! I'm going to stay home and blaze all day.