The gross sweaty feeling and odor one has when waking up in the morning after passing out drunk the night before with all their clothes on.
Funky because you stink; bake because it's hot as Hell.
Ashley: "I was so drunk last night"
Jess: "Ya, you totally were. Girl, why you stank so bad?
Ashley: "I passed out on my lawn at 3 AM and funky baked till 2 this afternoon."