1) Intoxicated, nearly always pertaining to alcohol.
2) When a film does poorly at the box office.
Person A: "Did you see the Hulk?"
Person B: "No. I heard it tanked, actually."
The Hulk
New York Minute
Glitter
Crossroads
Dungeons and Dragons
From Justin to Kelly
The Alamo
The Real Cancun
Troy Spy Kids 1, 2 and 3
Gigli
Scooby Doo 1 and 2