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1.
Pants worn so tight that you look like Peter Pan. Commonly worn by Hipsters.
If you wear peter pants, have a shitty haircut, and ride a fixed gear bike...you might be a hipster!
by Robot Print February 14, 2009
 
2.
When guys wear ridiculouly tight pants, and you're suprised they can breathe.
<center>peter pants
TOO TIGHT OF PANTS
by Brrrrrenna! July 08, 2009