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1.Pant's of the largest degree.

Dirived from the word "Elephant".Which is a heavy plant-eating mammal with a prehensile trunk, long curved ivory tusks, and large ears, native to Africa and southern Asia. It is the largest living land animal.
ORIGIN Middle English : from Old French elefant, via Latin from Greek elephas, elephant- ‘ivory, elephant.’

2.Someone who dances amazingly while wearing pant's or has the urge to dance.
(preferably one in gray)
A "Skilled dancer"

3.Someone with just flat out, cool pants.
"1. Look at the size of that man's Elepants!"

"2. The way he moves, it's like he's wearing Elepants."

"3. Those are some sweet Elepants Bro."
Elepants by Notrus May 6, 2010
A perfect analogy to show that a simple creative word can encompass many ideas.
Adi: Dude, we need a name for our company that is simple yet encompasses everything we do.
Bobster: Oh, you mean like Elepants would be the perfect name for a store that sold pants to people with gicks and gunts!
Suzy: You guys are mean!
elepants by Senator D March 26, 2008
What an elephant does if suffering from heat exhaustion.
When an elephant suffers from heat exhaustion, an elephant "elepants."

The number of elephants has tripled in the last six months! 

On the The Colbert Report (a show on Comedy Central at 11:30) episode "Wikiality", host Stephen Colbert asked viewers to add this sentence to Wikipedia, on the basis of wikiality, which means that if most people believe something to be true, then it becomes a fact. It can also be used randomly or as a joke.
Guy 1: "Hey wassup"
Guy 2: "The number of elephants has tripled in the last six months!"

Great Elephants!

An exclaimation of sudden joy, and/or discovery.
Famously quoted by Gandalf in The Hobbit
Great Elephants!" said Gandalf, "you are not at all yourself this morning-you have never dusted the mantel- piece!

Puppy Sized Elephants 

Puppy Sized Elephants are the animal John Green suggested in his open letter to evolution since it would have the evolutionary advantage of being adorable.

See the Vlogbrothers channel on YouTube for more info.
Nerdfighter: "Man, I wish puppy sized elephants existed."
Evolution: "I'll get back to you on that."