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the perfect level of drunkenness; on the Scale of Drunkenness (from Buzzed to Black-Out), being pezzed is after being tipsy but before being drunk.

you are relaxed but awake, energetic and outgoing but not making a fool of yourself.
"dude, do shots with me!"

"nah thats ok, I'm already pezzed, i won't need another drink for a bit."
by zoeeager July 22, 2008
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2
A person who has had ones throat cut
That guy over there is not gonna make it, he's pezzed.(finished)
by The guvernor November 25, 2016
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3
'Pezzed' (Verb past tense) - such severe anal phinger phun that said recipient's head flings back in the fashion of a Pez dispenser as the tips of the index and forefinger emerge with vigour
Ainsley Harriet grinned as he pezzed yet another unsuspecting victim, his head flinging back in the fashion of a Pez Dispenser
by pezdispense June 04, 2015
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