Use to describe virginal lips that are overly larger or folding over more then normal. So when turned sideways they look like a stack of pink pancakes.
That girls pussy lips were so fat they looked like pink pancakes.
The act of pressing your scrotum against a flat surface thereby producing a circular, pink mass. For best results this should be performed against a clear surface and viewed from the other side.
When Mick pressed his balls on the glass coffee table, Louise thought that they looked just like a pink pancake.