An orange-dick is a male that still lives in his mother's basement. Usually fat and usually a neckbeard. So named because eating Cheetos (the traditional food of these people) will stain your hands orange, and masturbating with an orange hand will give you an orange penis.
Mick: "I hate Jack! He's such an orange-dick."
John: "Yeah man he just sits in his mom's basement and plays Halo all day."
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.