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1.
Drunk on cheap beer, such as Schlitz.
Your mom and I got schlitzed last night at my place.
av Anomaly 30 juni 2005
 
2.
To get wasted (drunk, or pissed if you're from England).
I don't know how I woke up in a rubbish bin, I must have been totally schlitzed last night.
av Chris 28 augusti 2003
 
3.
When you drink too much beer and then later poop your pants.
I got drunk last night on beer and Schlitzed my pants after I passed out.

Don't drink that nasty beer - you'll Schlitz yer pants!

That zombie smells like he Schlitzed his pants.
av I am Achmed. 10 april 2013