"Luggin' It" refers to someone who is lugging a large penis
around, or possibly lugging multiple
girls around. If someone is luggin' it, it means they are pimping it or being a pimp.
Dude, check out Ross making out with those two chicks over there! That
fool is
finna luggin' it!
We
finna lug it all night tonight with the ladies.
Fool we luggin' it.