Well known for his stupidity and glorious fuckups; the term "Bakered" was created after the infamous Corey Baker. This term is slang forscrewed up, or fucked up.
Term coined after the late great Shaun baker; bakered means to ingest illicit substance to the point of near overdose, while simultaneously receiving an ass full of man love.
When someone says they are on their way to hang out in a short amount of time. Then never shows up and doesn't answer their phone. If this happens you have been bakered.
Ray: I called Nick, he said 5 minutes till he gets here just getting gas. Steve: Alright cool. *50 minutes pass* *Steve calls Nick, no answer* Steve: We officially just got bakered.