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1.
...a sarcastic term used commonly in the popular PC/Xbox 360 game N+ that refers to the suicide that one must perform when there is no way to complete the level they're on. It implies that suicide itself is a "level" even though there is no "bonus" to be found.
"Hey guys! If you press the "X" button you'll be warped to a secret bonus level!"

"Did he just die? Ok everbody, go to the bonus level."
by Coptimus Crime March 13, 2008
 
2.
an extra level of drunkenness. can only be unlocked with a particular drink known as pengbuzz®. you know you're on the bonus level when you're more smashed than everyone else, don't know what you're doing, can't remember anything from the night before.. or a combination of the three. however being on the bonus level does not entail a feeling of sickness. it is purely an enjoyable experience.
dude, we hit the bonus level last night
by Judge Fudge January 07, 2007