When a woman's labias hang out or pertrude out to resemble two pieces of folded lunch meat. Some vaginas are this way naturally, though they tend to get that way from a lot of usage like with pornstars or a ho.
"Damn that bitche's pussy's been so beat up she's got lunch meat pussy."
(Noun.) Pussymeal is the fourth and most important meal of the day. It usually occurs after dinner, between the hours of 11:00 p.m. and 4:00 a.m., when not many people can hear you eating the goods out of a woman's babyhole.