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1.
Refers to an act of sexual intercourse during which the speaker was under the influence of marijuana.
Jessie and Joe got so stoned last night, then they took their clothes off and had a baked lay.
by Al Hakayfak October 04, 2009
 
2.
The combination of both being "baked" (high on marijuana) and getting laid (having sex). Plural lays refers to having sex multiple times. Also refers to the tasteless garbage chips Frito-Lay pawns off on consumers.
A friend was telling me about his awewsome weekend. Apparently he met some ladies and had several baked lays.
by Travis T July 21, 2006