To be lame and not participate for lack of a good reason.
It is derived from the combination of "passing for pussy ass reasons".
See :lame weak weaksauce uncool loser pussy pathetic
Example 1:
A - "Hey wanna go out to the bar tonight and get drunk?"
B - "Naw imma passy, i was gonna sign up for a gym membership"
A - "At 10:00 pm on a friday? Lame..."
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