In reference to a good looking female of mating age. Can also be used to refer to a females' vagina.
Damn, she's one hot pussy.
Hey, Mike did you se that women Veronica walking down the street on 3rd and Broadway. Mike, that is some hot pussy.
hot pussy is pussy that is hot, has been heated up somehow (with a heating element or an oven)
boy, that' pussy is so hot, it's a hot pussy!
that was a cold pussy, now it's a hot pussy, becasue it's significantly warmer in temperature!
i have a hot pussy and this is due to the fact that i have warmed up my pussy before i brought it over