It's a more sophisticated way of saying "alcohol jacket." Saying that you're wearing an alcohol jacket makes you seem a little less classy. Not only is saying you're wearing a hypothetical coat more entertaining, it's also a little less obvious.
After a night of drinking:
Guy 1: "Man! It's so cold out here. I can't believe we're drunk and walking home in the snow!"
Guy 2: "I know!"
Guy 1: 'Hey, aren't you cold in just a t-shirt?"
Guy 2: "No way man! I'm wearing my hypothetical coat!"
Guy 1: "Man! It's so cold out here. I can't believe we're drunk and walking home in the snow!"
Guy 2: "I know!"
Guy 1: 'Hey, aren't you cold in just a t-shirt?"
Guy 2: "No way man! I'm wearing my hypothetical coat!"
by Dragon Woman January 30, 2010
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When someone has crabs and they don't wash their junk for so long that the crabs get fossilized in their juices
by LeafyBottomPants March 05, 2022
What your roommate exclaims when she notices that you've neglected to remove the store tags from the sleeve of your new birthday present!
by tookypants February 09, 2010