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Dick in my hand 

Meaning to have nothing to do, waiting, no current prospects or opportunity.

Etymology comes from the late 60's when the number of males at any given orgy would out number the females, thus leaving some to stand with their dicks in their hands, respectively.
Jethro showed up late to the orgy to discover that the gentlemen far out numbered the ladies. He could be heard exclaiming to himself, "I'm just stuck here with my dick in my hand"
Dick in my hand by Holden5986 December 18, 2012

Dick in Your Hand 

When you are caught unexpectedly in a predicament in which you have no immediate solution, or no tools to do the job, you are caught standing with only your DICK IN YOUR HAND.
When Melvin blew the tire, he opened the trunk only to find the jack gone and the spare flat. I told him "You probably looked stupid standing there on the side of the road with only your DICK IN YOUR HAND"!

Dick In My Hand 

A phrase used to express an individual's lack of resources, opportunities, prospects, options, etc.
My job pays well, but after paying child support, bills, and my mortgage, I'm left with my dick in my hand.
Dick In My Hand by BgKen May 7, 2011

with his dick in hand

Not knowing what the fuck to do in any given situation.
He's shit at this game. It's like he is walking around with his dick in hand.
with his dick in hand by Limpy1732 October 25, 2017

DHS-Dick In Hand Syndrome 

The state which men enter when they are horny and all the blood in thier body surges to thier member which renders men certifiably stupid. Inevitably allowing them to make regretable decisions due to the lack of blood flow to the brain (crainium not member!)
This guy i met last week wont stop texting me.I should have never sent him that pic because he clearly has DHS-Dick In Hand Syndrome now.

dick in your hand 

A. pose where someone who should be doing something more constructive but just stands there being a worthless maggot
B. Not taking advantage of a situation

Also a good chorus to a song:*slow depressing beat*
Standing with a dick in his hand
nobody understands
why he's standing *beat beat*
standing with a dick in his hand

song is usually sung after someone claims that someone is standing around with a dick in their hand.
Bill Horton: God dammit stop standing around with a dick in your hand and get back to work.
*********
Me: that fine girl was smiling at me but all i could do was stand around with my dick in my hand.