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2.
When a mans wang is sticking out of the pee hole in his boxers.
Larry woke up and answered the door in his boxers, little did he know he was Figs Out.
by Crack O Da Ass December 08, 2004
 
1.
1) when your dick slips out of your boxers because it doesnt have a button to hold it in.
I walked out one morning to get the newspaper, and my neighbors wife said hey mister, yours figsout.
by Big Ed Dill VP December 08, 2004