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Fancy the pants off 

Have a huge crush on, desire, love, obsess about.
I fancy the pants off that guy who works in the book shop. He's gorgeous.
Fancy the pants off by vista_fail September 28, 2010

No, I don't want to take my pants off 

This is what you say when someone near you is on the phone so whoever they happen to be talking to thinks they were about to get some but then were rejected.
Victim: "Oh, yeah so the other night I was talking to-"
Random person: "No, I don't want to take my pants off!"
Person on the phone: "Who was that..?"
Victim: "Um...."

beat the pants off

To completely "own"; to scare the crap out of someone; to beat someone at something
"I just beat the pants off you at Halo 3!"
beat the pants off by Cory N. January 12, 2008

I take my pants off to you 

Response to having ones pants pulled down
William and Danny had an arm wrestling competition and William lost, their friend Sam said to William, "you've had your pants pulled down there William" , William then responded by saying "fair play Dan, I take my pants off to you"

Pants Off Coin Toss 

When a serious decision needs to be made by 50/50 chance, you have everybody in the room drop their pants to make it official. and flip a coin.
We were debating getting a puppy for our apartment, so we had a Pants Off Coin Toss

Laugh My Freakin Pants Off 

A more extreme version(indicating more laughterness) of LMAO.

Considered, by some discerning gamesters, to indicate MORE laughterness than even LMFAO!

The word, 'freakin' may also be substituted with other 'f' words such as, 'flippin' 'flappy' or 'fuckin'
Its' all a matter of personal preference, imo!
Simplyknitting> Oh shit! I just attacked my freakin Thorn neighbour instead of that lvl 5 npc! Typed the wrong coords in!

Gobbledegook> lol you dumb ass noob, sk! ROFL and Laugh My Freakin Pants Off :)

mighty cale>Awww SK! But yeah, GG, i just gotta LMFPO too! *sigh now we gotta get sk outta the shit!*

It has also been known too add the word 'big' and/or 'Smelly' into the mix. I feel this is quite acceptable i.e. Laugh My Freakin Big Smelly Pants Off.

Other variations may include the use of a relatives' pants:-

Laugh My Mothers Freakin Big Flappy Pants Off

Laugh My Sisters' Smelly Pants Off

Laugh My Grandads' Freakin Smelly Big Flappy Pants Off

But it can all get a bit out of hand and become too cumbersome! LMGFSBFPO! :)