It's an old french saying, in french society yougsters were given a knife around the age of 15, even among the poorest families.
So, even if you were broke and had nothing, you still had a dick and knife.
By derivation, used to describe anybody trying to perform an action empty-handed despite some equipement was required.
_Yo pimp, how are you gonna torque this screw ?

_Dunno.

_You just came with your dick and knife right ?

_Yeah man
by Titank February 7, 2005
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Most often used as a question in place of "are you kidding me?"

And normally used when irritated

For example:
Baker: "Sorry I can't make it over tonight, I've got some stuff to take care of."

Wayne: "You yankin' my dick bro?!"
by mAshton titties January 29, 2009
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a) an exclamatory phrase used to portray any and all emotions, or lack thereof.

b) the extremely overused but beloved saying created by Rico 'Optimus Prime' Restirino.

c) often followed by the phrase 'n shit.

d) The awkward literal meaning, which refers to feces, and genitalia. (usually after fucking a bitch in her ass)
Derek: Rico you just got ur head blown off in CoD 5.
Rico: yeah i suck
Nate: Shit on ur dick rico
Rico: yeahhh shit all over my dick 'n shit

xxxxxx

*just stubbed toe*
"Shit on my dick!!"

*just fucked a bitch in the ass*
"Shit on my dick! anal is DIRTY"
by TheGorillaMist January 5, 2009
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A commonly used term in bars, nightclubs, etc.. for having someone hook you up with drinks, food, or bitches. It can also be used in past tense as having you 'dick juiced'. It can used generally for receiving something for FREE.
Say trick, could ya' juice my dick and hook me and da boys down wid some table boogy fo' free?

Last night at da damn titty bar, ah' gots my dick juiced by Sunshine and da damn bartender!
by Cartright August 14, 2005
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Waiting for something to happen or for your turn. Coined to describe male porn actors who wait on the sidelines for their scene, Literally holding their dicks.
I wish I could study right now, but my books haven't arrived yet so I'm stuck here holding my dick.

Don't just stand there holding your dick, get a box and help me move.

If you don't plan on getting that bitch pregnant, you'd better hold your dick or stick it in her butt, else you'll wind up her babydaddy.
by Scnd January 24, 2011
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to ask a fellow human to eat and/or suck on your penis
man1- eat my dick
man2- okay!
man1- oh shit
man3- WHOA what's going on HERE
by thomas the train engine November 7, 2006
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A term used when someone does something seemingly impossible or just plain awesome. The witnesses should then proceed to hold the persons dick.
Just smoked a bowl during my graduation ceremony!.....HOLD MY DICK!!!!
by Hoss_Meat June 2, 2011
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