Top Definition
Waiting for something to happen or for your turn. Coined to describe male porn actors who wait on the sidelines for their scene, Literally holding their dicks.
I wish I could study right now, but my books haven't arrived yet so I'm stuck here holding my dick.

Don't just stand there holding your dick, get a box and help me move.

If you don't plan on getting that bitch pregnant, you'd better hold your dick or stick it in her butt, else you'll wind up her babydaddy.
by Scnd January 23, 2011

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