1. wasted and/or incoherent.
2. to consume massive amounts of liquor or other illicit substances due to favorable foreign exchange rates (specifically the New Israeli Shekel/Dollar and Euro).
3. to get excessively drunk on cheap booz
Shay and Suzanne got completely shekeled in Tel Aviv last night on 7 Shekel beers and 10 Shekel mixed drinks and ended up making out in the bathroom all night long.
Dude, we are going to get absolutely shekeled tonight