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'wazemed' is the new wrecked which was the new rolled which was the new burned- in other words, it is said when somebody loses status in front of their peers. It is generally accompanied by a hand gesture- the fist is displayed, the thumb and small finger are stuck out, and the fist is shook at the person for whom the 'wazemed' was intended.
Teacher: Why didn't you do the homework?
Student: There was none.
Teacher: Oh... crap.
Student: WAZEMED!
by John Gadsden August 08, 2005
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