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In volleyball, a pancake is when the ball is about to hit the floor, and a player desperately dives and slides his/her hand across the floor, in an attempt to cause the ball to bounce off of the back of the player's hand rather than the floor. If executed properly, the ball will bounce back up into the air, allowing another player to pass the ball over the net.
They would have lost the game because of John's bad pass, but Mike desperately performed a pancake, allowing Joe to hit the ball over the net, saving the point.

Mary's pancake was ineffective, because her hand was not directly under the ball when it fell.
pancake by ssaamm kk April 3, 2008
Hey Jim i heard you got a nice pancake from Beth this weekend you sick fuck.
pancake by murphyboooooboooooo April 18, 2008
A car with airbags or hydraulics, which allows the dropping all four corners of the vehicle at once.
Ludacris drove by in his Cutlass and we all yelled "Pancake! Pancake!"
Pancake by Chizammmmm February 20, 2008
1. A gay male.
2. A homosexual.
3. An efiminite straight man.
"Joe can't possibly like Cindy. He's a freakin' pancake."
Pancake by TheyCallMyNamesBrian September 26, 2006
During sexual intercourse, the person on top does nothing to support their weight, hence "pancaking" out on their partner. Opposite of starfish. Usually done with dead eyes and zero effort.
"I was just so tired last night, I pancaked the shit out of him"

"That girl was such a pancake, never doing that again."
A pancake is someone, either guy or girl, that you like or think is wicked fine. It serves as a flirty pet name that works everytime.
Amy:"hey whats up dylan?"
Dylan:"hey pancake"
Steve:"damn, amy is fine"
Dylan:"i know, but she's my pancake"
pancake by steven marcus2 May 2, 2006