Being in this sort of state at a party means that pretty much your a fucking king. Chron-fucked simply means that you are chronically fucked beyond belief. When your Chron-fucked you act normal, but you have no idea what your doing or what is going on around you. When you tell people you are 'Chron-fucked.' it means your on your level.
Guy 1 - 'Dude... im Chron-fucked..'
Guy 2 - 'Ah man.. YOU PARTY KING!! But seriously.. go sit in the corner before you turn into a chunder dragon.'