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2.
A term used to describe a stereotype of Asian women found in literature and film from the late 19th to the mid-20th century. A "dragon lady" was a woman of Asian heritage who was thought of as being sexually powerful and generally of a cunning, underhanded, conniving nature, who would use her beauty and sexuality to get what she wanted. Often accompanied in fiction with an opium pipe, jade jewelry, and wearing a Chinese dress, usually with dragons on it. They were usually depicted as snide, assertive, aggressive, sneaky and explosive in temperament.

The term is now generally used as a descriptive in a negative context, often to describe a non-Asian's misconception of Asian women. It is also used to describe a manipulative Asian woman, though this is less common.
OLD USE:
"I went to an opium den when I was on shore leave back during the war, and this dragon lady got me smoked up, fucked the hell out of me... and then I woke up with my wallet and clothes gone."

MODERN USE:

"I may be an Asian woman, but I'm not a dragon lady. I have a job and support myself."

"Tom is just an idiot who thinks if he dates an Asian, she'll be some sort of tantric dragon lady who'll have all sorts of spooky Eastern sex secrets."
by Tristan_S December 26, 2006
 
1.
A slang referencing the once First Lady of Vietnam, who was known to control her husband, and hence, controlling Vietnam. Tends to be used towards Asian women who are in position of power. Their traits are aggressive, intimidating, calculating, high-achiever. But generally, they are also intelligent and beautiful.
Jesus, here comes the Dragon Lady so pretend you're busy.
by oaklander July 21, 2006
 
3.
Asian cougar who is in position of power usually as wife of a boss. Known to be skilled in primitive thinking behaviours such as manipulation and deception in order to fuck you over.
Don't fuck her, man. She's a Dragon Lady.
by ponte September 10, 2006
 
4.
"Dragon Lady" is the common name of the biggest bitch who ever walked the earth, and unfortunately she is a frequent customer to Albertsons #6741. This particular breed of bitch is known to ask for carry outs, verbally bash the unlucky courtesy clerk who helps her out, and proceed to glare at him/her during her subsequent trips to Albertsons. Although she has a somewhat human form, she does not have a traditional name because she is not human. Some baggers report seeing her with a forked tongue, red eyes and steam coming out of her nostrils.
Oh no! Dragon Lady's coming through my line! I think I have a sweep right now...

I have to do a carry out for Dragon Lady. Here's my will.
by Formerzombie1224 August 15, 2010
 
5.
derogatory term for an Asian woman usually an angry bitch.
"That dragon lady won't stop starring at me with her little squinty eyes."

guy1: "Hey. Where do you take your dry cleaning?"
guy2: "The dragon lady at the corner by the gas station."
by jkaud March 18, 2009
 
6.
Asian women who are trained to be gold diggers by finding old rich men. They also seek white men to raise their status.
Wendi Deng (Rupert Murdoch wife) is a Dragon lady
by thaGspot December 25, 2011