The term describes something that is exceptional, or awesome. It is derived from "pwn" which is ultimate nerd internet ownage. To own ponies is to do something amazing or be amazing.
The reverse of this, sucking, is to "blow ponies".
"She let me get to third base on the first date! Third base totally owns ponies!"
Magical Ponies are as the name implies, ponies of a magical variety.
They are invisible to all but a gifted few, however as they largely feed on fat kids, you can occasionally see the shimmering outline of a Magical Pony in the crumbhaze that follows.
Person 1: Hey look at that fat kid run!
Person 2: Woah man, look into that crumbhaze! There must be at least three Magical Ponies right on his tail!
A very annoying replacement for "hold your horses", "calm yourself", "chill out, dude".
A phrase that is used to one's friend when they are
a) having a panic attack b) freaking out about something pointless
c) worried / anxious / nervous d) in a hurry and are constantly annoying you to move faster
"Dude, I think my girlfriend is breaking up with me!"
"Calm your ponies, she's probably just PMSing"
"Wow, can you please like, hurry up? I don't have all day."
"Hey calm your ponies, I'm working on it."
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.
A sunburn or suntan focused on the left arm. It is caused by the left side of the body being the only half that gets exposed to sunlight while driving. Presumably, it would be located on the right side of the body in countries where they drive on the left side of the road.
I had a trucker's tan after driving for 10 straight hours on a sunny day.