Inserting a used/filled condom into the bottom of a girl's purse. If everything goes right, she won't discover it for a few days, hence the "Moldy Poncho'.
My girl was being a trick ass trick so I hooked her up with a moldy poncho.
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).