Something very cool or badass. basically used instead of the word "sick", because having the swine flu is worse then just being sick.
Example 1: "Dude, your bike is totally swined out".
Example 2: "Bro, last night was hella swined out".
Example 3: "Your mom gave me some swined out head last night".
1) Demagnetized; the state of a credit or debit card which has been run through a card reader too many times.
2) Unable to access money in the bank due to the phenomenon of being swiped out (def. 1).