Green’s Dictionary of Slang

lotion n.

a drink; thus as v. to drink.

[UK]C. Hindley Life and Adventures of a Cheap Jack 99: Friday handed them the ‘lotion’ in pint and quart mugs.
[UK]Cornishman 5 Dec. 4/4: I knew a man who had ‘lotioned’ his throat 15 consecutive times in one evening.
[Aus]Bulletin (Sydney) 1 Aug. 10/1: He sent you forth to learn a trade- / He launched you on life’s ocean- / And this is the return you made; / To go a steal his ‘lotion.’.
[UK]Sporting Times 29 May 2/1: He mixed one [i.e. a drink] of ebony hue, a positive nigger among lotions.
[Aus]Dead Bird (Sydney) 5 Apr. 2/2: Death to dirty water-drinkers, / All unhallowed lotion-sinkers.
[UK] ‘’Arry on a ’ouseboat’ in Punch 15 Aug. 76: Pooty girls, first-class lotion, and music.
[Aus]E. Waltham Life and Labour in Aus. 31: No sooner do we ‘breast the bar’ than a huge rough-and-ready miner accosts us thusly, [...] ‘What’s your lotion?’.
[UK]E. Pugh Cockney At Home 67: The lotion flowed as free as rain.
[UK]‘William Juniper’ True Drunkard’s Delight.
[US]L. Pettiway Workin’ It 181: Sometime I would go to the markets and steal. Lotion or meat, you know, go sell that.

In derivatives

lotioned (adj.)

drunken.

[UK] ‘’Arry on the Turf’ in Punch 29 Nov. 297/1: A well lotioned Derby Day’s Houting’s the one as is most to my mind!