Usually said out of impulse, and unprovoked. The "tits" part is held on and exaggerated, and along with a gay voice it sounds very annoying. People usually say this when they are trying to make people like them.

The condition where a woman's or man's breasts hang down below the initial point of saggyness.

Do your tits hang low?
Do they waddle to the floor?
Can you tie them in a knot? Can you tie them in a bow?
Can you throw them over your shoulder.. etc. etc.

Basically boobs that are either so big that they are touching your belly button or your just REALLY old.

when a womans or mans breast's appear to become large tubesocks filled with warm oatmeal.