Doing nothing. Just hanging about. Fucking around. Chilling/Relaxing. Taking it easy. Most often spoken when someone is being completely useless
Dave: What the hell is vinny doing?
Eric: He's straight dickin' it real hard.
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Going to workout so hard that you find it necessary to tell everyone that is near you. Commonly spoken with a high degree of excitement and "toolness"
Vinny: "So what are you doing today?"
Six foot tall swell monster: "Im coppin' a gnarly swell bro"
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