to get all upset over something trivial, as if one's underwear has rolled up into an uncomfortable ball between one's butt cheeks
Cheri: "Did you see what he did to my iPod? I can't believe he put that song on there."
Bobbi: "Oh don't get your panties in a wad over it, you can always take it off."
A large roll of money usually consisting of a helluva lot of dollar bills with a large bill wrapped around the outside for everyone to see. A rubber band holding it all together is a way to add a classy touch to it.
Maaan, look at this nigga here...got a niggerwad big enough to choke a donkey!
A general insult used by grade-school kids to indicate general disdain for a person. Much like the epithet, "faggot," (see Eminem lyrics) this term has transcended its homesexual meaning to become something else entirely. See also gaywad.
Hey, check out that guy wearing black socks with sandals and a Members Only jacket... What a gay-wad.