Well-Oiled 

Potentially of British Origin (possibly Northern-English).
Meaning heavily drunk.
Less common but the same as pissed.

Let's go out and get well-oiled.
Haha look, Jack's having a piss on the fruity. Is he well-oiled or what?
I've had a rough day at work, I'ma have to get oiled up.

Well-Oiled by Thomas Leone October 12, 2009

well oiled 

well·oiled (adj)
1) as of the colloquial metaphor "a well oiled machine"
2) as an indication of sexual arousal or readiness (chiefly female)
3) as a colloquial term for intoxication
4) as in a sufficient amount of oil or oil like substance has been applied
5) the preferred state or condition of a female wrestler

1) Another for The Pack? That team is well oiled!
2) KY? You've got me well oiled already...
3) Six Long Island's later, I was well oiled.
4) Laying out at the cove? Be sure to get well oiled before you go.
5) Bronze Buns Babes are always well oiled!

well oiled by CJF8 June 26, 2008