A vagina with the inner flaps (labia) hanging out, often looks like there is ham hanging from the fanny.
Ewwww look at that girls hangin' ham
by Simonononon September 05, 2008
1 more definition
When a girl refuses to wear a bra, this results in her breasts looking like hanging hams
Celeste has hangin hams
by Jadan Shacofford April 23, 2009