Noun: The act of being homeless, i.e laying in an alley to rest. Caused by the ingestion of too much liquor or other substance such as marijuana, crack, pcp, etc.
Joel: Damn look at River sleeping there he is homelessing again....

River: Leave me alone im tired and need to sleep

Joel: River! This is where you have been sleeping the last three weeks!

River: I,ve lost all communication with the outside world. Now give me a hit, homeslessing is the new trend in this day and age.
by BASEDLIFE November 11, 2011

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