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
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