Slang for get shot to death or murdered.
Tim: You didn't hear he got wasted yesterday.
Jim: Awesome so typical of John.
Tim: How is that awesome when one of our classmates died.
Tim: He got wasted as in he got shot to death.
Jim: Wait doesn't wasted mean drinking a shitload of alcohol until your drunk?
Tim: This is confusing, who the fuck gave this word two completely different meanings!!!!!!!!!