A moment in time where you look incredibly out of place. You can also BE moded, LOOK moded, say MODED things, and um... use moded to fill in any adjective, and it will actually make sense.
Sharleen: ALLISON! LOOK AT YOU! YOU ARE MODED!
Allison: STFU HOE, YOU MODED.
Patrick: Hah. You are all moded for calling each other moded.