A grotesque-looking flab of skin in the vaginal area that is commonly believed to resemble a piece of uncooked bacon.
Melanie has to have about four pounds of cooterbacon on her vagina.
1. The flabby and excess skin* between the vagina lips. It has no feeling, and often tastes really salty and pisslike.
2. The type of vagina that many people do not like.
*Note: The excess skin does indeed resemble uncooked, or raw bacon.
That girl over there, I got with her at this rockin' party, but she had a pound of cooterbacon!