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1.
The magic 8 ball is a sphere shaped contraption that has a many sided die in the center which gives answers to many yes or no questions. Inside the Magic 8 Ball is a liquid, which contains a lost soul. This soul is what tells the die what answer to give you.
~Ask the magic 8 ball if we will win our soccer game tonight.
-It says, "My signs point to yes."
by StefenVenn November 01, 2006
 
2.
The act of using both cocaine and LSD at the same time. The effect of which is similar to an acid trip meeting a freight train, and then having pair of them then jump off a cliff.
I heard Jim shook the Magic 8-Ball the other day." "He sure did; now he thinks he has all the answers.
by PrinceMadness May 16, 2011
 
3.
To shake ones hand as if you were holding a magic 8 ball in hopes of the approval to proceed in doing whatever judgement-lacked decision you had previously just thought up. **When intoxicated, answer always comes out yes**
Guy 1: Hey, you wanna play Russian Roulette?
Guy 2: Magic 8Ball says... 'Im feeling lucky'
by matt22 April 07, 2008