The spliff(or blunt) is currently lit, and is burning at a rate that optimizes smoke inhalation.
"The blunt still wet, so pass it like Brett"- Lil Wayne

Me- Duuddee that blunt is cough* weetttt, you gotta try it!
Brett- wettttt

"The blunt is wet bro, you gotta hit it up." -some blazed individual.
by Gangsta of Golf June 8, 2010
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