To plan, conceptualize, sketch, or develop an idea since you have nothing better to do.
eg: The commercialization plan for innovations can be a difficult task, so innovators may hire an innovation consultant to help them chalk it out.
The act of using butter as a lubricant during anal sex. The resultant smell of the aforementioned act being somewhat like that of real popcorn...
Hay baby, it's back door night and I feel like making popcorn so grab a handful of butter and lube me up...
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