To overturn or reverse. He took his broth till he capsized; he drank till he fell out of his chair. SEA TERM.
Definition taken from The 1811 Dictionary of the Vulgar Tongue, originally by Francis Grose.
Capricornified * CaptainNathan Bailey's 1736 Dictionary of canting and thieving slang
John S. Farmer's collection of canting songs and slang rhymes