Verb (high fashion slang): To walk barefoot on the ball of one's feet (or foot) with the heel elevated, as though one is wearing heeled shoes, most usually in the event that one or both shoes are lost during a fashion show; the object being to maintain balance and poise as best possible.
'When Karolina Kurkova lost her shoe during the Victoria's Secret Fashion Show, she had to air-heel it down the runway and back"
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Walking/ dancing around on the balls of your feet barefoot as if you are strutting in high heels.
The big ol' drag queen was rehearsing a new song in her air heels.
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