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dink pajamas 

When a male is wearing no clothing except a t-shirt. Footwear is optional and the only other allowed garment.

The name comes from his penis peeking out from the bottom of his t-shirt.
The elderly man answered the door in nothing but his dink pajamas.
dink pajamas by louderthan10 February 4, 2009

cat's pajamas 

Super hip. Amazingly sweet. Fantastically cool.
you looks so fly in that outfit, you're the cat's pajamas man.
cat's pajamas by where am i? November 11, 2005

Awesome Pajamas 

Adj - A way of describing something that is awesomely out of pa portion.
Steve: Yo Brosef, did you just scissor kick that emo kid in the back of the head?
Brosef: Yeeee
Steve: Awesome Pajamas!!!
A pair of pajama pants covered with the symbol pi. They are usually worn on March 14th or while eating pieces of pie. One never sleeps in pijamas, the consequences would be devastating.
I spend 50 of my life wearing pijamas.
pijamas by LagsForDays November 25, 2014

Katz pajamas 

As to the phrase, according to the website Cat-ch Phrases, "The Cat's Pajamas" means:

"something considered to be outstanding. The term "cat's pajamas" comes from E.B. Katz, an English tailor of the late 1700's and early 1800's, who made the finest silk pajamas for royalty and other wealth patrons."
The King favored Katz pajamas for the fine color and silk.
Katz pajamas by Maynecat July 3, 2007

Bear Wearing Footy Pajamas 

When someone pretends to be sweet and child like but underneath they are still wild and unpredictable like a Bear. Typically evil in nature pretending to be good.
Adam: I like Eric, he's such a nice guy.
Clint: No Way, that dude is just a Bear wearing Footy Pajamas, you can't trust his outer apperance.