To smoke weed/pot/ganja and get high.
The magic dragon usually refers to the item the marijuana is being smoked in. ie- bong, joint, pipe
A bunch of friends are sitting around a campfire and about to smoke. John pulls out his pipe and bag of weed and says to the whole group " Who wants to puff the magic dragon?"

Duke William and Dutchess Kate puffed the magic dragon on their wedding night and got baked off their royal asses.
by YankeeFanatic May 14, 2011
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1. A song written by Leonard Lipton and Peter Yarrow. The lyrics for the song were based off a poem Leanard Lipton wrote in collage and the song became popular when the group Peter, Paul and Mary sang it. It is about a boy named Jackie Paper and and his imaginary dragon friend named Puff. In 1978 there was an animated TV special based off of it.

2. A slang term used for marijuana.
Puff the magic dragon lives by the sea, and .....*rest of song here*



Stoner 1: Yo, I was watching Puff the magic dragon last night. It took me on a wild trip.
Stoner 2: I was there with you. I think.
Stoner 1: I don't remember. But do you remember the pink tiger? Then a picture of little elfs took me to a forest of the magic tree.
One confused kid or a old person who has seen the real movie: I don't remember that.... I got to watch it again.
by wowtomax February 9, 2009
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A song by the vocal group Peter, Paul, and Mary from the 1960s. Widely believed to be about smoking marijuana, sources claim it was really just meant to be a song about a magic dragon.
Either way, it became imprinted in the minds of many little kids sitting around campfires.
Ex. "I was in the mall and I heard this little kid singing "Puff the Magic Dragon" over and over again... man was it annoying!"
by andriod5 July 31, 2005
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"Slaying the Magic Dragon", term used when announcing that you are about to take a massive hot dump.
Boy 1: "Yeah I'm about to go shoot some J's. Wbu?"
Boy 2: "Just got back from Mi Rancho's, bout to go Slay the Magic Dragon!"
by ArmaniExchange January 17, 2014
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A song from the 70's based on an older folk song about opium. It was said that when you smoked opium, you'd enter a world of dragons and demons. Conversely when you drunk absinthe you would travel to a land of happiness and green fairies.

Also the origin of chasing the dragon, a modern phrase one uses while smoking a line of heroin on a tin foil fold, as they burn the length, one would enhale through a straw, along the line, thereby chasing the smoke.
Hey Matt, do you know what puff the magic dragon song was about

No Dan, What is it about?

Opium smoking.

I gotta chase the magic dragon man!
by snakeydan February 18, 2013
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I was also used during Viet Nam to name the C-130 Spector(sp?), It was basically a C-130 Gunship that would basicall fly in a holding pattern and lay down a devistating blanket of lead on the enemy.
We were pinned down by a Viet Cong Division until Puff the Magic Dragon was caled in to thin'em out.
by q-ster March 9, 2004
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1. the title song of a children's movie. A child with no friends meets the dragon and gets a new friend. This all takes place in a magical town... which the dragon can't leave because if adults see him ... he will be forced to go away. The child is passed over as having an imaginary friend.
2.A reference to smoking pot. as seen in the movie "meet the parents".
Tommy:hay billy guess what I got for my bitrhday?
Billy: I dunna what?
Tommy: A dvd ..."puff the magic dragon".
Billy: cool ... lets go watch it now!

Sue:hay tom did u see meet the parents yet... what's this about puffing the magic dragon?
Tom:I'm not sure ... but it sure made me laugh!
by Lilteddie704 April 10, 2008
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