the direct aftermath of breaking the drinking rule of passing out with your shoes on which is a party foul. It is a classic form of shaming after the rule is broken, using permanent marker, usually of the Sharpie brand. The inks from the markers are used to decorate the face and occasionally body parts of the victim if they willingly removed their clothes prior to unconsciousness.
fratboy1: yo! lookit that douchbag's face who passed out on the couch! its covered in rainbow colored cocks!
fratboy2: hahaha! he got sharpietagged to hell and back!
fratboy1: yea, i am so glad i dont wear shoes to party in anymore.