look up any word, like jamflex:
 
1.
To become "well lubricated" consuming alcoholic beverages. To get boozey.
I like to drink a few Miller Lites, get oiled up, and crank up my favorite classic rock jams.
by LBo979 February 20, 2009
 
2.
To get beat down profusely in a fight.
Keep talkin' smack, fool! You're 'bout to get oiled up!
by GWillikerz June 23, 2009