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1.
A serious condition occurring in women who, while wearing extremely tight shorts, find themselves in a sitting position for an extended period of time, causing their vagina to nearly fall asleep.
On the way home, traffic was so bad that I developed an almost untreatable case of sleepy vagina.
by henrytheviii August 28, 2011
 
2.
When a woman's vagina is saggy, puffy or abnormally red, swollen or has a baggy appearance. It is common in women who get pounded senseless often.
Gee, Fiona must have quite a sleepy vagina after tonight, she hasn't come home from Mark's place yet.
by Pal Seh July 18, 2009