1) To work it with a member of the opposite sex
2) A compliment used when someone is wearing platinum chains, Fubu™ clothes, etc.
3) An object of high appeal
1)Jack's so pimpin', he's got like 20 hoes. They all ova him, fo sho.
2)Aimee: Did you see James's new car?
Matt: That pink Mustang? Hell yeah I did. That ride is pimpin'.
By Madelle
Pimpin
This term is often used by some I know as a kind of joke, not implying its obvious reason. Rather than having references to an actual pimp, it's used to describe something that's cool, in style, or amazes the speaker so much they can't think of anything else to say.