2. An alternate name for a banana hammock (literally a canopy for the dick), or any covering for the penis.
3. A derogatory term for someone who sucks so much dick that they act like a canopy, when this person finally comes back up for air the penis has a tan line.
Jane: "Yeah it could fix the hole in the ozone layer."
2. "Eww, that guys dick canopy makes his junk look like a fruit bowl."
3. TOB: "Man that chicks a fucking dick canopy."
Mat: "Yeah, shes a real jizz lizard."