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A "domain name" that has been dropped by it’s prior register. Then caught by someone who finds it on an expired list or an expired domain name auction.

There are many Expired name lists and Expired domain name auctions on the web at this time that deal with DropCatch on a daily basis.
"That was one Great DropCatch."
"How can a simple user compete with big biz in the DropCatch Industry"
DropCatch by Jim Daily October 30, 2006
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dripclatch

is a universal slang term for describing something, or naming an unknown item, or a body part... no actual item is a dripclatch, but the word does hold a vulgar undertone
that dumbass just got kicked square in the dripclatch!!

go get that switch on the shelf , its sitting by that damn, ugh, dripclatch?

that susan is a real dripclatch!!!
dripclatch by Mistere Ey December 2, 2018

dogcatcher's threesome

When you have a threesome with 2 girls that don't add up to a 6 combined
The only redeeming part of the dogcatcher's threesome is when he put his dick in the second girl's mouth and asked "how does that pussy taste?"