A term used by Marching Band geeks, usually at championships, as a term used to describe preforming your feild show so well that when on the football feild you 'droped it like it was hot'. If your band truly 'dropped it like it's hot', you most likly won.
Note: When used by band geeks it is usually spoken with extream articulation and by adding the word 'is'. Drop-it-like-it-is-hot.
"Drop it like it's hot, Marching Band!"
"We are gonna go out there and Drop-it-like-it-is-hot band!"