Slang expressions often have regional differences, and they are regularly 'recycled'. Back in the 60s and 70s, young people would often put wider tires on the back of their car and raise the springs so the body would clear the bigger tires. The car was thus 'jacked up'.
I also heard "jack him/her up" used to refer to reminding someone about a commitment. "He must have forgotten to send the merchandise. I'm going to have to jack him up on that."
The other uses of Jacked Up mentioned are all good ones, meaning that something is supported- perhaps even elevated- but not very solidly...
