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It's when you get a blow job by an old lady that takes her dentures out while you're dressed as Elvis
Bro, I rocked that elvis impersionation at the senior center so good that I got a velvet elvis!
by tko23 December 13, 2011
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the kickass feeling of getting blown and rimmed by two people at the same time.

Velvet - the hair rimming the anus
Elvis - hedonist, wants it all at once, I mean the man died on the toilet
because of it.

"I almost lost it--one on my cock and the other licking my ass--it was a Velvet Elvis."
by Brooklyn Rake March 26, 2007
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A conte crayon or chalk drawing using white conte/chalk in a way that makes the drawing look too "slick," often as a result of using too much of the white.

This term was coined by Sandy C., a life Drawing Proff. at Tulane University.
I was just going to add a few white highlights, but I got carried away and my drawing turned into a velvet elvis.
by Hannah March Campbell April 05, 2006
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A peanut-butter and banana grilled sandwich. The preparation is similar to that of grilled cheese, in that the pan is greased and two slices of bread are grilled in butter, with both sides containing peanut butter and sliced bananas. Sometimes called a velvis.
Dude, I just ate a velvis, it was mad tasty.

Dude, I just ate a velvet elvis and broke out in hives. Guess I can't eat peanut butter anymore.
by Velvis April 25, 2011
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