A buddy of mine has decided, at the ripe age of 28, to get his banana "peeled". Ouch! He can no longer take the pain of his knobby being lynched everytime he has an erection! Ouch! again.
To be removed from existence, made into pieces, or just death in general.
A common phrase to use after stumbling upon a situation where somebody has been “peeled” is to say “OH MY GOD THEY PEELED THEM!!” using any other pronouns if you so desire.
Example 1:
Person 1 stumbles upon Person 3’s dead body.
Person 1: “Oh my god they peeled them!!”
Example 2:
Person 2 realizes that Person 5 has gone missing without a trace.
Person 2: “Oh my god they peeled them!!”
To consume a level of alcohol in which the consumer is no longer able to take responibility for his/her own actions. Generally in this case any action made by this person is frowned upon and forgotten about.