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1.
To be in a difficult situation, i.e.: hanging with your ass/junk out in the open through no fault of your own. Being made vulnerable.

Derived from the anonymous 48-year old skier who fell through Chair 37 on the Skyline Express ski lift at Vail, losing his pants and dangling upside-down and bare-assed on January 1, 2009.
When that dumb ass Greg didn't get me the reports I needed for the meeting, he really put me in chair 37.
by kajoe January 08, 2009