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To grossly over pay for something and get nothing in return. To waste your money. To get ripped-off big time.

As in Giants starting pitcher Barry Zito. $126 million dollars, 0-6 with a 7.83 ERA, demoted to middle reliever. As in the single worst free agent signing in the history of organized baseball.
"Dude, I just paid $50 for a dime bag."

"Then you just got Zitoed big time."
by 20deep May 01, 2008
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To be harshly ridiculed in public for your gastric shortcomings (esp. zitos cheese intolerance) See: zitos cheese
This SOB came in to my house and complained about my zitos cheese so I zitoed his ass!
by joe zito January 28, 2005
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