What does it mean when....

[Fildy]

level 0 = thinking about your cards and flop
level 1 = thinking what your opponent has
level 2 = thinking what your opponent thinks you have
level 3 = thinking what you think he thinks you have
and so on.

(these levels might be wrong but they are close)

Leveled would be. If you had aces and I c/r you all in and you folded because i knew you had aces and knew you would fold even though i have junk. Leveled is basically code for outsmarted.