What does Tomas es loco mean?

I'll admit I'm not 100% sure, but I can take an educated path here.
Tomar is to have, so "tomas" is "you have"...
Es is from the verb "ser", which is "to be"
Loco is "crazy"
However, you have two conjugated verbs right next to each other, which usually doesn't happen in Spanish. Literally translating, the phrase reads as:
You have (he/she/it) is crazy.
I think what they were trying to say is:
Tú eres loco.
Estás loco.
Which means "You are crazy."