The status achieved when enough canned beer is cunsumed that the cans can be taped end to end until they surpass your height.
Me and Ted got so hammered last night. We both reached "Wizard Status"
a very difficult feat to achieve. after the consumption of a beer proceed to duct tape a new full beer to the top of the empty can, and so on. until your empties are stacked taller than yourself, like a wizards staf. you have achieved wizard status.
"wheres Steve at? its 4 in the afternoon!!"
"swimming in the toilet. you missed it man, he achieved Wizard Status last night"