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To be relaxed or chill. Comes from the term "watered down" which signifies a substnace which has been diluted.
"Why were you so excited yesterday?"
"What are you talking about, I think I was pretty watered"
by Reginald Williams April 07, 2006
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2
“Bro, you were so watered last night”

Aye it’s your 21st, are you about to get totally watered or what bro?”
by Praisefeeder May 06, 2018
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