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Definitions by Brianna Seimus

laffy taffy 

A flacid, limp, or unerect penis. As quoted from D4L's song. Hangin' out with your wang out. Contrary to popular belief, it has nothing to do with females at all.
"Laffy Taffy" "c'mon shake that laffy taffy (unerect penis)."
laffy taffy by Brianna Seimus April 28, 2006