1. A random shout out during a video game, usually involving Halo 3. Most commonly directed at other players to describe their homosexuality or type of play. The act of shouting "Snoop Dick" may lead to a profane response from opposing players or possibly even arousal of the opposite sex.
It can either be done with a dildo or a real phallus. One person dresses as the monopoly man / mr. peanut (monocle REQUIRED). The "phallus" is then placed across the upper lip of the "snooty" much like a fake mustache. That person then tells an erotic story in the style of a masterpiece theater reading.
Also used to describe when someone is trying to be high-brow but sounds like they've got a dick for a mustache.