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1. Wrapped
Inebriated, very drunk
I'm soooo wrapped from that keg stand
2. Wrapped
(adj): To have a condom on.
Girl: The test came back positive. You're the father!
Boy: Aww, hell nah! I was wrapped every time we did it!
3. Wrapped
Australian slang term meaning happy; overjoyed; delighted.
Aussie 1: "how did you go on the maths test?"
Aussie 2: "omg dude i aced it, was so wrapped when I found out."
4. wrapped
Describing the tires installed on a set of rims.
Those 20's are wrapped with Pirelli's.
5. Wrapped
something that's stupid, beat, retarded, uncool.
That muffler on that 88 civic is so wrapped!