to pour out/cut and snort cocaine.

Usually is said with the connotation that it is going to be fun or glamorous.

Said to excite those who intend to participate in the soon to be manipulated with and consumed cocaine.
"You guys want to party tonight?"

"Hell yeah, let's ICE IT UP!"
by akbabb July 30, 2009
Get the ice it up mug.
step your game up, quit talking and let your actions speak for you.
Smith to Talib "ICE UP SON, ICE UP"
by T.Ojo December 12, 2013
Get the Ice Up mug.
Iced up means that you are wearing diamonds from your dome to your kicks...Possibly even have a diamond coming out your chocolate starfish
Jay-Z's 700k watch makes him iced up , baby!
by X 2 Tha C November 28, 2004
Get the iced up mug.
Lacking bitches to such a severe degree that one’s penis has become cold due to there being little blood flow
Hunter called me a fat bitch” ‘That boy is iced up, his opinion don’t matter’
by Feral_Bloom April 26, 2022
Get the Iced up mug.
this term is used mostly in Australian slang. because ice is crystal meth, and a goonbag can be described as a person under the right context a iced up goonbag is a sketchy person that is assumed to use ice. It can also be used to describe someones credibility like the second sentence below. Can also be used as iced goonbag.
"look at that cunt. he's a iced up goonbag". or "what do you know your just a iced up goonbag", "I am a wreck i must looked like a iced goonbag".
by McFeats January 30, 2017
Get the iced up goonbag mug.