Internet slang for staring at your download progress bar or watching download speeds fluctuate.
Man sits there slumped over staring at a computer screen watching each file segment's progress on utorrent hoping somehow his DVD rip of the Dark Knight from aXXo will download faster because he's willing it to happen.
In basketball, the slowness of a defender near the basket, getting beat by a fast-moving player who scores. The paint is the [center[ lane from the foul line to the basket.
Number 27 was watching paint dry on that drive to the hoop.
A phrase used when a guy is taking a poop and right before he wipes, he jacks off and let's the poop on his ass cheeks dry out (without really noticing).