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saggy saddlebag 

When you are at a public swimming pool and you see an old man sitting on the edge or the shallow end and his balls are hanging out of his swimming trunks.
"That old dude has a serious case of saggy saddlebags. Gross!"
saggy saddlebag by Curtis R. September 19, 2003

soggy saddlebags

labia majora displaying a particularly high moisture reading
when ferreting twixt her legs, he was pleasantly surprised to discover well stimulated soggy saddlebags
soggy saddlebags by The Bard January 3, 2007