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laffy taffy 

A flacid, limp, or unerect penis. As quoted from D4L's song. Hangin' out with your wang out. Contrary to popular belief, it has nothing to do with females at all.
"Laffy Taffy" "c'mon shake that laffy taffy (unerect penis)."
laffy taffy by Brianna Seimus April 28, 2006

laffy taffy 

"My flow is laffy taffy"
-Cam'ron
laffy taffy by HearingDeafOne December 8, 2004

laffy taffy 

Your pinky finger - word is enhanced by moving your finger up and down as though it is dancing
In the song when it says "Shake your laffy taffy" you have to move your finger up and down to the rhythm.
laffy taffy by cateye January 11, 2006

laffy taffy 

The laffy taffy is the ass fat that keeps jiggling after a girl stops walking.
Damn. Check out that girl's laffy taffy!
laffy taffy by tarhizzle October 2, 2006

Laffy Taffy 

New code name for marijauna. Frequently used because terms like mary jane, reefer, trees, rabbits, kelp, grass and so forth are easily recognized. With this term you can talk about it anywhere at anytime.
Also appropriately named after the common candy made by Wonka.
A. OMG Laffy Taffy is amazing
Teacher. Ah it never excited me.
A. OH it will once you try it.
^notice how that converstaion can be easily miscontruyed.
or
A. Hey man I just got some laffy taffy.
B. Great, we'll have to do it up tonight.
Laffy Taffy by Shannon6 November 23, 2007

Laffy Taffy 

Laffy Taffy is the extra cum you shake off your penis onto the girl's face after she sucks your dick.
Bitch, take that laffy taffy down!
Laffy Taffy by VannyLovesBoobs April 27, 2006