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shmasted 

Drunk; specifically very, very drunk.
I'm f*cking shmasted!
shmasted by Sport 2 Katz November 11, 2006

shwasted 

Contraction of "shit" and wasted" used to charcterize someone who is wasted^2.
Man, I got so shwasted last night, I couldn't even feel my face.
shwasted by Kevin December 4, 2004
To be royally screwed out of something important, or something not so important.
1. "Damn, I've been shasted again!"
Shasted by Matt Devore November 12, 2005

White Girl Shwasted 

Initially, "White Girl Shwasted" was a term for A girl that was white...shitfaced...and incredibly wasted.
Now? It's a generic term for every frat bro, skater man, and party boy to drop. Label the girl that is the whitest, most shitfaced, and most wasted at your party your very own "White Girl Shwasted."
We've all been there. ...or seen someone go there.
Bro 1: Dude, do you see that girl over there?
Bro 2: The white girl with punch all over her white shirt, dancing like a fool?
Bro 1: Yeah. She's our White Girl Shwasted.
Bro 2: Word.
White Girl Shwasted by TattiG February 16, 2010

Shwasted Shwednesday

a day of the week when college students party to get over the hard times of a busy week
Shwasted shwednesday

Shwasted Shaturday 

The 7th day of the week. One is required to get drunk to a point where one cannot name the current day without slurring one's words. This is a weekly UVA tradition started by Dabney First Left (a.k.a. D1L; the Dabney Douchebags). A successful Shwasted Shaturday will end in blackout and waking up in a random bed with an incredibly attractive naked girl lying next to you.
"Yo man, I'm so smashed!"
"Damn shtraight, itsh shwasted shaturday!"

"Sorry I can't do homework, it's shwasted shaturday"