In a card game, when no cards to come can could give a player the best hand, he is drawing dead.
"I can't believe you caught that flush on the turn because now I'm drawing dead."
by katan July 28, 2004
In poker, someone already holds a hand that will beat the highest hand you can possibly make.
"He got quads on fourth street; I was drawing dead."
by Coell May 12, 2005