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1.
Killed and thrown in a river, ocean, water body.
"It's an old Sicilian message. It means Luca Brasi sleeps with the fishes." -Sal Tessio in The Godfather
by Resch17 August 11, 2005
 
2.
Fish wrapped up in an article of clothing of the person who has been hit, whacked, killed, was then in newspaper and delivered to the capos, signifying that the member was dead, and at the bottom of the sea.
Its a Sicilian Message - He sleep with the fishes--from Godfather.
by rebeccatracy August 19, 2007
 
3.
To die, of natural or unnatural causes. Watch "The Godfather" and you'll understand.
He sleeps with the fishes.
by Rokinfreeworld December 30, 2003