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1.
Gray sweat pants jaggedly cut off at the knee, commonly worn around the house. However, sometimes seen in public places like the grocery store and Walmart.

A unique way of recycling old school sweat pants with the ugly elastic ankle bands into shorts.
"Those bilbo baggins pants look nice with your sport sandals"
"Why you go wearing bilbo baggins pants all the time?"
by Gelatin Trotter April 14, 2013