When one has had far beyond what one should drink in one night. Most commonly used among college students when referring to the most inebriated person at a party.
Damn, Cody was bizzlebonked last night!
Commonly used when friends are about to chug the rest of whatever they may be drinking at the time. Pound-town is a two step process. Step 1: everyone touches cups together (CHEERS!). Step 2: Everyone pounds the rest of their drink, resulting in a pound-town.
Cody: Alright guys lets pound-town!! (cheers, followed by a chug and an occasional disgusted face)