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1.
To go for an undesirable amount of time without having sex. This is primarily found in men.
"Man, you've been getting no action. You're on a real dry streak. Why don't we just call you 'Dry Streak' Murphy."

"Women are like camels. They don't even know the definition of dry streak."
by T. James Murphy September 17, 2006
 
2.
no sex, no gettin it wet
damn im on a dry streak
by kbooboo92 November 03, 2010