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1.
(n)This is a slang term for the female genitalia-- more specifically, the labia minora-- so termed for it's resemblance to stretched (pink) laffy taffy. Therefore, the term may also carry with it connotation of excessive sexual intercourse which can result in a stretched or elongated labia minora.
That ho had so much sex, when she spreads her legs, Willy Wonka himself would envy her Laffy Taffy.
von shecky 28. Dezember 2005
 
2.
An addictively delicious taffy made by the Willy Wonka Candy Factory. It is distributed by Nestle USA, Inc. Contains jokes on every wrapper.
How many sides does a circle have?

Two, inside and outside.
von Tingle 30. Mai 2004
 
3.
Another name for "roast beef" which is when a girl's labia minor/majora are stretched out and tend to look like laffy taffy when it is sucked on and stretched out even more.
This can be seen in any porn flick and is definitely not an allusion to a girls posterior. A nice badunkadunk does not look anything like laffy taffy and laffy taffy stretched out looks similar to a well used labia also both are eaten the same way.
von thatguyernie 8. Januar 2006
 
4.
This is the really dirty version....
It is extra skin that hangs down past the vaginal lips.
"Shake that Laffy Taffy"
von siz 16. November 2005
 
5.
this is a slang term for an ass
in D4L's song "Laffy Taffy" it sais "shake that laffy taffy" which means shake that ass.
von DSHAP 7. August 2005
 
6.
Vagina, its the true definition from the song you non gehtto dumbasses
girl, shake that laffy taffy, that laffy taffy girl
von gehttoONE 16. April 2006
 
7.
Slang for the females lips of the vagina. Also a candy made by the Nestle company. They have a joke on every wrapper
Girl shake that laffy taffy

I had banana flavored laffy taffy at Jimmy's birthday party
von DizzyLizzy 18. November 2006