look up any word, like fuck boy:
 
1.
When trying to sleep off a major drunken buzz. this is the act of keeping one leg off the bed/couch/coffeetable and firmly planted on the floor, this causes the room to slow down or stop spinning.
You "Man, I drank so much that I was Dropping an Anchor."
Him "You had to take a shit?"
You "Naw man, had to keep one foot off the bed so the room would stop spinning so I can get some motherfucking sleep"
by Blacbeard July 30, 2006
 
2.
When you taking a shit and a HUGE one falls out and splashes toilet water on your ass.
Man I was walking by the bathroom and I heard my cousin Nick Dropping an Anchor!
by JFender June 08, 2011