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Shared Pants 

When you're budget is so tight, you have to resort to sharing pants with your spouse
John and Mary are so broke, they decided it was a shared pants situation if they were going to save for a new toaster

Baboon Pants 

Slacks that have the backside cut out thereby exposing the buttocks. Sometimes confused with assless chaps.
Damn, my swamp ass is out of control! I’ve gotta pick up a pair of baboon pants.
Baboon Pants by R_Chi_Bald March 18, 2018

Red Pants of Sex

Similar to the elusive Purple Shirt of Sex, the Red Pants of Sex refer to the glorious pair of y-fronts worn by John Watson. The Red Pants originally were the devices of the brilliant Reapersun on Tumblr. The Red Pants of Sex even have their own day of the week (Monday) and are loved by many. In some parts of America and the UK, they are worshipped by many pubescent teens.
God save the Red Pants of Sex.

Pleasure pants

Vegan leather (pleather) pants worn by smoking hot shirtless rock stars.
Brendon Urie in pleasure pants is sexy af.
Pleasure pants by CougarMom August 24, 2018

Girl pants.

An effeminate man..... Or an affection greeting to a friend ( being silly)
The guy is

GIRL pants..
look how he minces around the gaff.....
Hey Girl pants whats happening?
Girl pants. by TrousersPants September 16, 2018

Funky Pants 

A cat who doesn’t know how good his life is. He meows incessantly and forces people to pet him.
Man, that cat won’t leave me alone, he is such a funky pants.
Funky Pants by Slinky Toast February 15, 2020