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2.
1. to maintain in a state of coolness/smoothness
2. used as a command to "take care of something
Example 1:
person 1 - "I'ma hit that party tonight"
person 2 - "Aight, hold it down"

Example 2:
person 1 - "Yo, money! Are you fucking that shorty?
person 2 - "Naw, dawg! You can hold that down!"
by dominikan May 20, 2003
 
1.
represent
Jon is holding it down for the bay area!
by Anonymous September 16, 2003
 
3.
1. to accomplish something of substantial greatness.
2. to get something no one else can.
3. to put the team on your back.
4. to get the ladies
Carlos: "Dude, blake shouldn't you be in bed on a school night bro?"
Blake: "It's only midnight?"
Carlos: "Hold it Down!!"

Person 1: "You gonna call her?"
Person 2: "Nah man, I make her call me!"
Person 1: "HOLD IT DOWN!"
by YaBoyLoso June 15, 2011