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pants down 

To be caught unware. Suprised. Modifiers include "down around the ankles".
Jim was financially overextended, his job layoff caught him with his pant down.
pants down by Rich Lather July 26, 2005

Pulling my pants down

Phrase used when someone is having a joke/laugh at your expense or taking the piss out of you.
"I'll tell you what Herman, The people at the tax office are pulling my pants down"
Pulling my pants down by rtj loco December 23, 2003

pants-down 

a phrase used to describe something especially shocking and/or awesome, a more extreme version of 'hands-down'.
Sally"That boy over there yonder in hands-down gorgeous"

Vicky"That may be true, but that man over there a ways is pants-down gorgeous"
Sally"Ooohh your right. Hands-down will not cut it when you have pants-down"
pants-down by CarolinaMasFine July 20, 2010

pull your pants down 

when someone tells you pull your pants down so they could shove their cock in your mouth
Joe pull your pants down nigga

You gotta be pulling my pants down kid! 

When something happens and it makes such little sense that a little kid running up to you and pulling your pants down seems more logical.
Jeff - "Hey Tom, did you hear that billy is going out with your ex?"
Tom - "You gotta be pulling my pants down kid!"

pants down 

The penalty for losing a game of 8-ball (standard pool) without potting a single ball is to walk around the table with one's pants down (or skirt up), according to official pub rules. This counts for any loss, including accidental sinking of the eight ball.
1: You suck at pool; I beat you pants down.
pants down by Aspirex December 26, 2005