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Nake n Bake 

1.the state of being left hanging to a great degree 2.the state of being screwed over to a great degree
Situation:
Mike asked his friend Peter to bring him a dollar, so he could afford the speakers which he needed the next day, Peter said no problem.
The Next Day:
Mike: "Hey where's that money?"
Peter: "What are you talking about? i gotta go, cya!"
Mike: "Nake n Bake man... Nake and Bake..."
Nake n Bake by Nathaniel Bacon January 31, 2008
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Nake N' Bake 

The act of stripping oneself bare and then smoking cannabis.
"Babe, let's nake n' bake!" "Yeah, then let's have sex while high!"
Nake N' Bake by PeoplelpoeP June 5, 2012

nake n' bake 

smoking weed naked. usually done alone, or with other naked inviduals.
"yeah man, my mom walked in on me doing nake n' bake in my room. i was fucking ass naked"
nake n' bake by vahinaaa May 3, 2007