Picasso underpants can only be achieved by a nocturnal emission (aka a wet dream) that is so powerful that in turn also makes one shit themselves. The proper canvas is a set of tighty whiteys that will contain and allow the mixing of these two bodily excretions throughout the night while one tosses and turns. Thus giving one a fresh new piece of art to hang once dried and turned inside out. Best displayed in a garbage can unless your some sick fuck. (See Two Girls One Cup Video)
I had the craziest dream last night then I totally woke up with a pair of Picasso Underpants.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.