Not good, not up to the task, not true. Originally a UK schoolboy slang expression: "a pile of pants", presumably the equivalent of dirty, smelly washing. Later spread to adults and abreviated.
"It doesn't work. It's just a pile of pants!" or "I don't like that group. Their music is pants" cf "balsa" and "a piece of balsa".
by R. Clayton Jr November 29, 2005
Something that is not very good/useful.
"That new book I bought was pretty pants."

or

"Remember that game I downloaded? It's pants."
by Def August 08, 2004
latest fashion trend
have you heard of pants? they are awesome!
by coca January 14, 2004
An interchangeable word, meaning just about anything depending on the context.
You got tickets? Yes! That's so PANTS!

Did you see that skank he's dating? She's completely pants.
by Liz November 20, 2003
1.something you shit in when you're little
2.spend your teens trying not to wear for sexual purposes
3.spend your middle age using them to hold everything in
4.spend your old age being wet
by pesimist August 22, 2003
The one article of clothing you can live without. like in the supermarket.
Have any of you seen my pants?
by the ph1l0s0ph3r May 16, 2010
awesome, cool, sweet.
man, that missy elliott show was pants.
by norma jean baker May 14, 2008
Street slang used to describe "downer" drug such as heroin.

"shirts" is slang for "upper" like cocaine.
Dude, score me 50 pants (meaning $50 worth of heroin)
by Squishy-man March 26, 2007
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