To enjoy the company of friends and peers whilst doing nothing or achieving nothing.
Can be associated with: chillin', hanging-in.
"Let's all stay in and just static cruise."
"Yeah, that sounds cool."
...
"What did you do last night?"
"Nothing much. Just some Static Cruising."
The act of breaking wind in one location, and taking the gaseous contents to another location, due to it being temporarily trapped in pants/trousers.
"Did you fart outside, because I think you're suffering from pant drag."