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When you steal something from someone and it's the last of that person's property.

I stumbled upon the rest of Janice's Oreo's. I was so stoned and there were only 8 left so I shellacked them.
by The Word Burglar December 15, 2007
4 21
An appropriate past tense verb when indicating several King Raven helicopters were just taken out by nemacyst artillery.
"Our birds just got shellacked!!!"
by youcancallmezack January 04, 2009
33 9
The state of being drunk
I was so shellacked last night that I lost count of how many beers I drank
by youcancallmeal February 26, 2004
31 18