Pazzing Out is half spazzing out and half passing out, hence the term 'Pazzing'. It is when your simply in your own little world yet you are disorientated and don't know whats going on.
Ian : FML i've not done Mr. Barnaby's Latin homework!
Ed : Yeah me neither!
Ian : I'm pazzing out so bad right now!
Ed : Touche...
The intensely sensual act of inserting candy into your sweet, sweet lover's tight, tight asshole and joyously eating it out. Optionally, have said lover eat the same candy, very sexually, from your hand at the same time in order to complete the beautiful, eternal, circle of life.
You: Hey, baby, you down for a bit of pezzing this fine Sunday afternoon?
Them: I'm totally into pezzing but you ate the last of the peanut butter cups from my bootyhole yesterday!
You: How about I shove some gummy bears up your ass instead?
Them: Oooo I like gummy bears! Feed me gummy bears while I squeeze some of them out into your mouth!
Both(high fiving): Pezzing is the shit!