You're idea of functional significance is pretty close. Search using the posterior/caudal superior parietal LOBULE (using the word lobe instead will cut your matches down to that one hippied out article, as anatomists are sticklers like grammar freaks).
the SPL receives information from the somatosensory association cortex (mixes a bunch of the info from touch modalities mainly with visual sensory... not including the spinothalamic temp/pain/wide-range nociceptive senses). This obviously well explains the effects of lesioning on distinguishing one's boundaries. It's role in recognition and interpretation is usually studied like in:
http://www.pnas.org/content/92/24/11180.abstract (refers to 'body-in-space')
http://jn.physiology.org/cgi/content/abstract/76/3/2042 (refers to mental transformations)
I would however say the best place to start forming a hypothesis to your question is to find some whole-brain fMRI imaging (and any other high-res realtime imaging... MEG would be fantastic) studies of the drugs the phenomena reminds you of. Look at SPL, afferent and efferent areas

. If you post the studies here I can help you with the extrapolation.
If you cannot find imaging studies, then I would just start with finding out the relative density of the important receptors for the drugs to see whether it's feasible for them to cause a pronounced change/effect in the SPL (or even the source and destination of signal).
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ps - While we're jumping to conclusions based on experiences... Simultagnosia (inability to perceive more than one object at a time, even is co-located) is associated with lesions in our area. It almost seems like the 'focus on the candle' (and other one object) approaches to entering meditation might be a means of mimicking hypofunction in this area, and as a result playing with the SPL's effects on internal state awareness...