Nonchalant reference to a booger that is hanging (sometimes for dear life) from your nostril, ie. a cliffhanger. A good way to let someone know indirectly that they've got a booger hanging on, without everyone around you knowing what you're referencing.
"Man, you've got a Stallone hanging from your nose", or if you are in mixed company "Hey man, you've got a Stallone".
A catholic redemption story about a bullied, weak and fragile boy with a weird mother; who grew up, buffed up (steroids), and made shit films that were excessively violent to vent the fustrations of his heavy past.
Angry boy: "I'm so mad I could just do a Stallone.
The act of revisiting a former sexual partner, especially after a long period of time has elapsed between sexual interaction.
Stallone revisited his classic movies Rambo and Rocky after a long period of time.
Dude, I just totally Stalloned Katie, a girl i dated back in middle school.