To have come out of a situation, conversation, altercation or competition for the worse by a considerable measure. Generally used in such a way as to rub said loss in.

The asshole of someone who has been fucked in the ass so much that it's very loose. Typically implies this person is a slut.

a young dashing lad that tucks his weiner between his legs and plays the popular game World of Warcraft. The mother of this young, adolescent boy gets wrecked every night by a wide racial variety of men- this is where he recieved his name.