Completely guessing like everyone else, but I followed Solinari on the Urban Dictionary path, and found out that "low" is a slang term for heroin
, apparently in the Baltimore/DC areas, but possibly in other places, too. It says to "get low" means to get high on H, but when he said he needs to "get low" he has to get, as in buy, heroin.
To fade means to throw in money, usually for drugs
, including alcohol
, which lfrider92 confirmed.
So, maybe this guy's party favour is throwing in money for heroin, for the people who go to this party. I mean, often at parties one person is assigned to get this or that drug
in bulk for everyone, so I guess this guy is that person.
Are you likely to meet this person again at any point?
Ask him what he's on about ..