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In a situation, a comment or phrase is said and it is so insignificant, dumb or unrelated that the listener(s) actually react with a potruding dropped lip. Hence the name Drop Lip.
A- Did she just come for you?
B-(drop lip) i think she did!!
Drop lip by Luckie Minati July 8, 2010

Drop The Bass Lips 

Big fat sloppable lips that have the capacity to 'drop the bass'.
When someone has a low hanging bottom lip or when someone flicks another person's bottom lip.
Harry : Yo mama is fat
Mo : Your droplip looks like the red carpet! *hits Harry's bottom lip*
Droplip by ZK Willz May 22, 2016