A condition met when one gets so intoxicated from alcohol that the person loses control of the function of their eye and it closes. The other eye just kind of floats around, attatching itself to what ever it focuses on. This condition often occurs during the minor stages of adulthood.
Laura jake was so drunk off of Aftershock and Super Pepppermint Schnapps she got all Peet-Ah-Toe-Eyed and fell through the hole in Timmy's porch! Boy was he mad about his porch. Then he outlawed the use of Aftershock and Peppermint Schnapps at his house.