So when you get real real high you sometimes say "I'm comatose" well when your real high sometimes you have a relaxed way of speach so you say i'm waaay homotoes! If you wanna get real real high then tell your friend its time to get homotoes!
A renegade toe, or toes, poking through a hole in a sock. Socks with holes are generally seen as signs of poverty, and the toe(s) sticking through said hole are signs of hobo-ism.
Damn, dawg, mah girl thought I was po, with mah hobo toe stickin through mah oldsock.