Green’s Dictionary of Slang

embalmed adj.

[play on SE + embalming fluid n. (1)]

very drunk.

[US] ‘Sl. Expressions for Drunk’ in New Republic in AS XVI:1 (1941) 9 Mar. 70: [...] embalmed.
[US](con. 1940s–60s) Décharné Straight from the Fridge Dad.

SE in slang uses

In compounds