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Strange slang meaning too good to be eaten.
RTFM, its not an acronym, its the LAW! says:
noes, you're too onice to eat baby
by Jack August 14, 2004
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9
An alturnative way to describe something or someone as cool or chill. A compliment.
tommy: did you settle the deal with the cops?

jack: yeah man, consider it on ice.
by ill tmoney July 27, 2006
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10
Liberals when Trump is president, they stop with what they are doing and start heading to their safe-space California and do nothing but complain and being "afraid" of men.
Todd: I heard Trump was elected.

Dan: Yeah, and the liberals are on ice for the first time since Bush.
by A Idiot in a Village March 20, 2019
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11
A person who is doing drugs which is a drug itself
Best Friend- Hey what you doing tonight?

Other Guy- I’m on ice, what about you?

Best Friend- K bye.
by CrazyBitch341 March 16, 2019
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12
Person1: Dude if you stand on the edge you might fall

Person2: nah dude im On Ice I don't care
by TNTAnjou March 15, 2019
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