The act of a teabag done by a female- due to the fact that they do not have testicles the phrase teabagging doesn't apply here.

Essentially it's the act of squatting over someone's face, Of course in a demeaning way.
That chick just wallet dropped me... but I was okay with it.

or

"I just got teabagged by a girl!"

"No man, that's wallet dropping."
by Ultimate/pool August 5, 2009
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A dropped wallet has occurred when a would-be Cassanova compromises his own dignity through his over-the-top and often sickening attempts to win the affections of his chosen female. Such is the degree of self control that our Cassanova is thought to have lost, it is inconceivable that he could even manage to keep a hold of important items of personal property.
"Who's that chick over there talking to Gamo?"

"I'm not sure, but I noticed a dropped wallet about half an hour ago"
by Rodger Spencer July 11, 2008
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