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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."
Zitoed by 20deep May 1, 2008
Related Words

adam zittel 

Person 1: Look, Adam Zittel took his shirt off.

Dean: CON HAS BEGUN!!
adam zittel by Luucy Buuth May 7, 2013

Baked Zitied

(v): the state of being absolutely fried when smoking a fat blunt.

synonyms: high, bombed, zooted, spliffed, blasted, toasted, baked
Stoner 1: "Yo! Pass the nugget!"
Stoner 2: "Hell yeah, I'm feeling roasted off of this L."
Stoner 1: *inhales* "Whew, I'm baked zitied kid!"
Stoner 2: "Hahaha, yes!"
Baked Zitied by m.Cdowd July 13, 2009

state zitte 

"State Zitte" is Italian for "shut up." It is pronounced "STAH-tay DZEE-tay." It comes from the Italian words "stare (STAH-ray)," meaning "to be" or "to stay," and "zitto (DZEE-toh)," meaning "silent." This particular conjugation can only be used when talking to a group of women.

When talking to a single male: Sta' zitto.
... a single female: Sta' zitta.
... a group of males: State zitti
... a group of females: State zitte.
Sta' zitta, stupid biotch.
state zitte by Hoobajoobalicious December 27, 2003
Something that is zotted is broken, dead or screwed over. This term is usually applied to computer parts.
1: I ran memtest86, and sure enough, my RAM was zotted.

2: I overclocked my Athlon too hard and zotted my sound card. Crap.
zotted by supaDISC March 19, 2005
To be riddled with zits. The term is a portmanteau of the words "riddled" and "zits."
The photo studio had to photoshop his zittled face.
zittled by Fosforix May 30, 2006