basically means being (shafted) or someone who has (screwed) you, ripped you off or fucked you over, usually for money.
i have just paid $200 more than i should have for that bitch, that guy has has totally pulled my pants down.
by ron weasely April 11, 2006
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Phrase used when someone is having a joke/laugh at your expense or taking the piss out of you.
"I'll tell you what Herman, The people at the tax office are pulling my pants down"
by rtj loco December 23, 2003
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When something happens and it makes such little sense that a little kid running up to you and pulling your pants down seems more logical.
Jeff - "Hey Tom, did you hear that billy is going out with your ex?"
Tom - "You gotta be pulling my pants down kid!"
by Ican'tbeleiveitsnotOXYCLEAN November 07, 2009
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