1.)high,
stoned, under the influence of
marijuana or equivalent drug.
2.)extremely tired, displaying symptoms of (but not actually) being under the influence of narcotics.
Symptoms for both: glazed eyes, unconsciousness, half-consciousness, hunger, numbness.
1) He was so spaced out that day, just completely baked! I bet you he'll drop out soon.
2) Ugh,
dude I went shopping, racing, eating, drinking, skiing, skating,
ballin', batting, playing, singing, swimming, climbing, and dancing earlier, and then right before I accidentally shot myself, my gf broke up with me.
{I'm so baked}