A sly or otherwise cheeky statement (usually backhanded, sarcastic, or savage in nature) that is cleverly worded so that it goes unnoticed at first until its true meaning is figured out. Therefore much like a torpedo: Will go typically go unnoticed by many until its either too late to do anything about it or hits them.
Clyde: Dude that burn was a total Torpedo.
Dale: Yeah man, did you see the faces of the ones who figured it out?
Clyde: Totally. It was a beautiful sight watching their smiles fade in realization.
The act of mixing a double jack and coke with half of a xanax bar. Before the first sip the xanax bar must be inserted into the straw and slurped down with the first gulp.