Posted by Patrick Fox on January 17, 1999 at 00:12:02:
In Reply to: Corned Beef posted by Frank Denton on January 16, 1999 at 23:48:57:
From the Collins Concise Dictionary:
blueing or blued (Slang) to spend extravagantly or wastefully; squander.
It doesn't suggest a derivation for that particular meaning.
Cheers
Patrick