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1.
To be a total wallace. To be slovenly and drunk. People commonly wallace when they admit that they are neither a "demon toke-head" nor a "raging alcoholic". To wallace is to be so badly drunk that it is hard to move, and one ends up in unknown places.
"Man, I got soooo Wallaced on Monday"

"Dude, stop wallacing"
by dhumed May 16, 2009
 
2.
1)to get extremely drunk

2)someone being sloppy
"damn were gonna get so wallaced tonight"

"did you see that girl the other night? she was super wallaced all over me"
by bettycrockaballablocka April 28, 2008