To have sex with
Did you lay a hen last night? I saw you walking home at 7:00 am
Mom: What's this weird looking ice cube mold doing in the freezer?
Daughter: Oh, that's my ice pick willy
The act of putting a hot dog (or bratwurst) into the freezer overnight, coating it in lube, and using it for anal masturbation.
Mom: Why did your brother put hot dogs on the grocery list, I thought he was vegetarian?
Sister: I think he is going to be doing a sly dog tonight.
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