A stand-up shitting contest with a photo finish (to avoid disputes, of course). Two or more individuals partake in a standing defecation where winners are determined by the longest unbroken "tail" at any given point.
I heard the DC Talk roadies used to crunk up the groupies and hold Kentucky Derbys to decide which ones got to hang with the band.
by Mung the Merciful August 25, 2008
During intercourse man grabs a bucket of KFC and shoves the largest chicken leg he kind find in his partner's vagina. He then "races" to ejaculate all over his partner's face. When he is finished he pulls the chicken out of her vagina and if it is still warm he eats it.
"You finally going to get with Lequisha tonight?"

"Hell yeah! I might even go for the Kentucky Derby. Looks like I'm taking her tKentuckyo KFC for dinner."
by Quiefmasters October 16, 2009

Sex lasting as long as The Kentucky Derby (approximately two mintues).
"Me and the 'ol lady did The Kentucky Derby last night."
by Indian Charlie May 17, 2006

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