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1.
out of luck
The chicas get in for free, the rest o' you bustas is all assed out.
by Herb N. Dictionary October 20, 2002
 
2.
to be done. tired beyond the point of tired. running on empty. used instead of pass out.
i worked 11 hours today, im assed out.

its 2am and i just got home, im going to ass out.

she slipped her girlfriend, two xanadu's, and she was assed out.
by the mighty mighty S.A.C April 11, 2004
 
3.
1)To be completely stoned/wasted after a major party

2)A major drug high

3)Tired, worn out

4)Out of luck
1)"Dude, how much weed have you smoked? How many beers have you had? You're assed out. Want a ride home?"

2)When Tim got home, he was so assed out he raped his own mom.

3)After a long day of tests at school, I was so assed out when I got home that I didn't even watch 'The OC'

4)Fuck, I'm grounded and I can't get a ride to the party. I'm assed out.
by Little Miss Tragedy January 30, 2005
 
4.
Extremely tired, won't wake up for anything.
Guy to his sleeping roommates at 2:00pm, "Damn! I was gone for a minute and your both still assed out!"
by Too-Cool February 17, 2008
 
5.
Lost out, lost out on something. or your fucked, meaning you blew it, or your doomed.
(exam. "That kid got caught at the wrong place and the wrong time, he's assed out").
by Th3_L0N3_W0LF August 10, 2013
 
6.
1. An unfortunate occurrence in which one gets shafted or lacks adequate resources to accomplish his mission.
2. An anal prolapse in which the sphincter muscle drops outside the anus into the medial space between the two buttocks.
1.You don't have a condon, B? I guess our assed out.
2.Damn, dog I'm assed out from these hemorrhoids. Get me some suppositories or some shit!
by flurky October 28, 2003
 
7.
sleep brought on by overconsumption of miscellaneous substances
damn, i had a xanbar and a fifth of vodka and i was assed out
by Tanatz August 02, 2006