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1.
it means whatever you want it to mean
Holy, look at Nicole over there..isn't she datin' that nukkapants?

No, silly, i'm dating her, you dumb nukkapants
by tjkfothreyallday January 17, 2009
 
2.
the act of being a nukka wearin baggy pants
or
a person who acts gangster with baggy shorts
You see dat nigga Jamaal ova by tha alley?
No, why?
Hes lookin like a nukkapants.
by WhiteySpenseTom October 02, 2008