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Someone who wears nothing but nike is niked out. (It is pronounced similar to hiked or biked.)
Dude has all nike wear on. He is niked out.
niked out by Tharakath August 26, 2010
One of the few things that are douchey but cool, it is when one wears nothing from head to toe but nike.

it is usually worn with nike high tops, long socks, basketball shorts, t-shirt, zip up hoody, and sometimes including a back pack.

Pronounced how ever the hell you want, but preferably
Nike-ed out
whoa, he be zullin!
look at those shoes!
his completely Niked out man
everyone be hatin
im really hatin right now man
its hurtin my eyes man!
look away man!
I CANT MAN! HIS SHOES ARE JUST TOO DAMN SEXY!

when duke nukem forever comes out 

Guy 1: Hey dude, can I borrow 20 dollars from you, I'll pay you back tomorrow?

Guy 2: Hell no! I'll let you borrow 20 dollars when duke nukem forever comes out...