When a woman forcibly motorboats a guy or another woman - like tea-bagging, but with breasticles.
Added bonus if she also goes "Flubba flubba flubba" or variations thereof.
Dude, we were all hella wasted and Chantelle was airbagging Steve. She even did the whole "Whubba whubba whubba" bit, too.
In Halo, when a player continually presses in and releases the left analog stick, the action is considered teabagging. Airbagging is a maneuver, unique to Halo Reach, a player can perform by engaging in teabagging whilst in the air.
XxColtrainexX: Dude, wtf is he doing? He's kinda floating...
MaStErChIeF: Ummmmm.... he just like... he's teabagging midair...
Cptnhamhans: Oh, thats one of my stupid ass roomates. He calls it airbagging...
Cptnhamhans(1): Weeeeee... wait... PISS! I got assassinated...
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Lays baked chips from Subway. There are only about 6 chips in the bag and the rest is air.
"Dude, hand me your bag of baked Lays, hurry!"
"Why man?"
"Cuz we are about to crash and this car doesn't have airbags!"
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Someone with absolute huge tits
(guy stares at girls boobs)
Josh: your airbags are huge
Taylor: OI NA
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Hemorrhoidal deployments encircling your sphincter that resemble deployed airbags from a motor vehicle.
He'd certainly have lost the remote up his ass had it not been for the airbags!
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A person whose head is filled with air, a moron.
That dude is such an airbag...
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