Verb: To be drunk, intoxicated, inebriated. To go out and have a fun time. To drink half a two-six of Rum and puke everywhere for your first time. Life.
Oorlaloo! I love liquor!
A corrupted form of the original definition of Oorlaloo, instead of Oorlaloo as an expression of joy upon the feelings of intoxication, it's used ironically, predominantly the morning after an occurrence of legitimate Oorlaloo.
"Dave, you blacked out pretty bad last night, I think I saw you passed out on the floor, without pants."