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To lack foresight. To be duped into something. To unwittingly enter into an agreement which, to the average human, will result in an obvious negative consequence.
Shopper: ‘How much for this apple?’

Shopkeeper: ‘Well, normally it’s 25p however, today we are offering it at a discounted rate of 24p, if you also purchase this shiney poo sandwich for £2.49’

Shopper ponders: ‘Sounds like a bargain…I'll have 2 please’

Shopper gets Munned.
Munned by The Urban Fox Hunter September 25, 2009
Related Words
(1) adj. refers to the property of an object (or person) as broken, ruined, significantly damaged, disfigured or deformed, often to the extent that it is not reversable or repairable.
(2) adj. an extreme state of intoxication by way of drugs or alcohol such that the subject's ability to perform basic tasks such as walking and talking are significantly impared.

In New Zealand and Australian slang, 1 is the more common sense, and in UK slang 2 is more common.
(1) Fuck, that car just got totally munted.
(2) I got so munted last night, I don't remember how I got home.
munted by theflyingnerd January 1, 2008

Team Munted

Team Munted- Is a group of bad ass individuals who generally fucks shit up. If you are apart of Team Munted you are probably a wakeboarder and bang numerous sluts. To become a member you have to go thru a series of getting Munted in general
Oh my gosh, Did he eat that chick out for an hour in the back of my truck and not get laid?

Yeah that's why he is part of Team Munted.

Why does he have alcohol poisening?

He just won his first wakeboard pro tour stop and got fucked up with team munted.

Munted Cunt 

Generally an ugly person but when it goes to the extent where you fear to see the person we call them munted this can also include being short/ugly and also other fucked up features about a person such as a fucked voice and massive ego for ones munted nature.
Did you see that guy at the bar hitting on Lindsey, yeah mate thats Fizz he is such a munted cunt.
Munted Cunt by RØcky November 18, 2011
To have intoxicated yourself with alcohol and/or chemicals to such point where respectable levels of social and/or physical functioning become problematic; where you are also (quite possibly) chewing a lot.
In short, a state of complete and utter trashedness!
'Bert was so munted he couldn barely string a sentance together, and was chewing his face off like a gurning twat'
munted by anon May 22, 2004
In New Zealand slang, 'munted' refers to something which is utterly destroyed.
From the New Zealand Herald:

Christchurch resident Jane Smith, who works in the central city, earlier told the Herald a work colleague had helped with rescue efforts after a building facade collapsed on a bus on Colombo St.

"There's people dead. He was pulling them out of a bus. Colombo St is completely munted," she said.
munted by Hugh___Jass March 8, 2011