look up any word, like darude - sandstorm:
 
1.
The art of gently lifting a man boob with two fingers in a flicking motion, usually using the pointer and middle finger. Usually done as a sign of respect.
"Man, Trevor is so awesome."

"I know, that man deserves a faloopa."
by u2fan13 April 17, 2012
 
2.
An imaginary drug for those with an incredible expansive imagination. The user simply imagines themselves smoking Unicorn crap until the point they feel light-headed enough to be high.
Drug Dealer: WHAT DYU MEAN U WON'T BUY MY SHIT? U ALWAYZ DO!!!

Jack: Nah, iam doin Faloopas now!
*imaginarly smokes unicorn crap*

Drug Dealer: what the fuck?
by FALOOPA-LUVER!! March 04, 2009
 
3.
When a guy doesn't have a six-pack, but yet isn't fat. He just has the v lines.
"Damnn look at the hottie!"
"Does he hav a sixpack!?"
"Nope, a faloopa!"
by Caitlinnnnnn April 20, 2008