A cliched and overused hiphop term that has been beat to death more than "Bling-Bling" and "Shizzle". It means to get crazy and drunk. The term lost it's "cool" factor like two years ago, but that doesn't stop wiggers and wanna be gangstas from using the the term as much as possible.
Yo! We be all blinged out and getting crunk up in this club fo sho! (Translation: I'm a total fucking idiot, and don't know how stupid I sound!)