1) Intoxicated, nearly always pertaining to alcohol.
2) When a film does poorly at the box office.
Person A: "Did you see the Hulk?"
Person B: "No. I heard it tanked, actually."
New York Minute
Dungeons and Dragons
From Justin to Kelly
The Real Cancun
Spy Kids 1, 2 and 3
Scooby Doo 1 and 2
etc etc etc