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A sex act between a male and a female in which the female is wearing a strap-on device, which is used to perform anal sex upon the male.
Inspired by Ronald Reagan, the 40th President of the United States, due to the way he treated the American economy, civil liberties and small Latin American nations.
Coined by a student at Carlisle High School (Pennsylvania) in early 2005.
"Dude, she tried the 'Five Dollar Reagan' on me last night. I felt like I was Nicaragua in the 80's, just getting POUNDED by the CIA."
by Comrade Habanero October 03, 2005
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