a euphemism for the nasty business that happened last night, to be used in polite company
"Hey Teej, I heard you and Pam dropped some olives last night"
"Yes, Kim, it was quite messy to clean up"
Slang for performing the sexual act of your choice
Pam and I went back to my room, and were dropping the olives all night.
When an old man farts in a restaurant booth.
I think he’s dropping an olive in the Olive Garden!