To engage in cautious/risky/risque behavior.
Coined by Ravi Saini
" I wouldn't do that, it's wet paint, you might crash and burn. "
A sign placed near to wet paint to tell people that they must touch the wet paint just to make sure it isn't dry.
Sensible Person: "Oh look, a wet paint sign"
Everyone else: "I'll test to see if it's still wet" *touches the paint and gets it on finger*