Alan Smithee the first's definitions
Originally a Malapropsim posted by a person on Craigslist, "coned" is like "boned" but much worse, the implication that you've been reamed, but, since leaving a cone-like hole, it's 'boning' on a much larger scale.
"I guess we're boned," said party x. "No, it's much worse, do you see that semi? We're pretty much coned."
by Alan Smithee the first July 27, 2009
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