Actually a miss pronunciation of "Hash Wednesday", a day of the week following Mescaline Monday and Trippin' Tuesday and preceeding THC Thursday and Freebase Friday.
Steve Albert and a few other guys from my TV class came over to jam and do some bong hits on Hash Wednesday.
Fourty days before Easter and the beginning of Lent when all the Catholics walk around with smudges on their foreheads and begin a fast from some vice or food or luxury and go around complaining to their friends about how great a sacrifice they are making when they are asked about the black smudge on their forehead.
It is supposed to be for the purpose of remembering Christ's sacrifice on the cross. So that everytime you crave the thing you are giving up you will remember the crucifixion and be thankfull or do something good for people.
The day after Mardi Gras. Mardi Gras is celebrated as the last day before Ash Wednesday, or the start of Lent for the Christian religion. For people between the ages of 16 and 25, its where you get shithoused in the middle of the week.
Crash wednesday is the day dedicated to your hangover.
A day (most alwayswednesday) where everyone at your school, work, etc., wear a peacoat.
Will: Hey is tomorrow Peacoat Wednesday?
Anthony: Is tomorrow Wednesday?
Will: Why yes it is!
Anthony: Then of course it is! Every Wednesday is Peacoat Wednesday!