Where I play the 1/2 games are $100 max buy in so its normally really short stack poker. I played all Friday night until the early hours and made a $400 stack and then got transferred onto another table with two villains; the first is a friend of mine who I know from the casino, a thinking player who is rebuilding a roll he lost from playing high stakes Omaha. He is situational and extremely aggressive who often over bets pots for varying amounts.

Second V is an Asian gambler sat to my left. One hand he asks dealer if a blind raise is allowed whilst utg so on my bb and he sticks $65 into the pot...

I sat down and said hi to the V I know who is clearly very drunk (a special occasion he said a friends birthday) he then cashes out a stack of probably $800 plus to meet friends and play black jack. An hour later he returns saying his friends have gone home. He sits down with $100 and dealer makes him put the rest of what he made back down as there's a more than 2 hour rule about taking money off the tables, he reluctantly gets $600 back on table after creating confusion on how much he left with.

He shuts up shop and has all chips in high denominations to get less involved with action, playing extremely tight. Meanwhile I lose my $400 to the Asian guy getting my money in good every time and sucking out, so I rebuy then am lucky enough to get enough action to build a $600 stack from other players fishy behaviour. This all takes an hour or two, who knows its about 6 or 7 am now and villain 1 (my friend) has broken his chips down to play and has loosened up, lost a couple of hundred to fish and now wants his money back. We spar a little with small pots then I win a large pot from him (about $260) then very next hand we both have $600 stacks he's on dealer button and I'm middle position with AKsuited. A fish utg raises to $7, folds to me and I re raise to $17, V2 (gambler) calls and V1 4 bets to $75. Folds to me what do I do?

Not sure that the history here is all that helpful. What would be useful to know is whether V1 has been 3- or 4-betting much tonight, and whether he's shown down any hands when he's done so and what those hands were. Has he sobered up at all or is he still drunk?

Can't call his 4-bet. If we call, we only spike an A or a K 1/3 of the time. If there's an Ace or King on the board, he's not going to be playing for stacks unless he can beat it, so we face RIO the times we hit. In a vacuum, I fold to his 4-bet. If I think he's spewing (which to me means he can have AQ or worse here), I 5-bet/gii. If his range is just good pocket pairs + AK I fold.

He 3 bets and bets a lot, doesn't normally 4 bet but there's not a whole lot of 3 betting in these games as they're so fishy. He will often wait for position and raise A10 plus to $15 plus to a field of Limper's bearing mind the short stack play and charge inferior holdings the max pretty much.
He knows I will 3 bet most strong aces to these guys and mid to high pockets and will be in a similar range himself. I don't think I'm really beating that much here, just AQsuited or maybe aj suit but unlikely, aside from that I'm flipping to pairs or am dominated by AA KK. I agree I fold or raise here. I don't think all in is a good option as we're both very deep and he's probably OK with calling a flip. So if I raise to say $200 he calls or shoves, I really don't think he would fold here as he just lost to me and is still intoxicated enough to take a gamble, so he calls or shoves but more likely a shove I suspect and then I'm in just as much trouble only more committed.

Intentional or not, his raise to $75 puts you in an awkward situation. If you call you will be committed if you hit and check/folding if you miss. If you 5 bet your committing a lot of money to fold to a shove. This is a good situation for him to try and resteal your possible light and/or isolation raise but a lot of the reason it's so good is the potentially large RIO on trying to defend the $17 you have invested so far.

Just because he has been raising and 3 betting preflop doesn't mean a bluff 4 bet is likely. If he has been making a lot of preflop 4 bets at some point AKs is good enough to go with but not the first one.

fold

Given this I just fold here. If I give him a range of TT+/AQs/AK, we're slightly behind. However, if we raise given your read is he's calling with most of this range, except maybe AQs which is the one hand we wanted to call. There's also the decent possibility that his 4-bet range is tighter than this, something like QQ+/AK, and we're smoked.

OK so foldings probably best against v1 but taking into account the gamly v2 who I think would be happy to flat if I flat. I forgot to say but he still has roughly the $400 he got from me earlier so could also play for stacks here. His range is super wide here. Any suited cards, unsuited connected cards, pairs. He will usually make small raises with strong holdings and calls everything else.

Either I call and v2 folds (unlikely) and I'm left in an awkward flop decision. Or I call and he calls, I don't think he ever raises here. It's still awkward on the flop but if I hit I can commit or give up any bad/marginal boards. Is this still a fold?