A term which essentially means 'Chillin'', or simply relaxing at home. Taken from the movie Pineapple Express, in the scene where the drug dealer Red bounces a gym ball and explains how he has beenspending his day, "tryna get a mothafuckin scholarship, chillin!"
Sean: "Dude, now that you quit your job, what do you do all day?"
Chester: "I've just been tryna get a mothafuckin' scholarship"
The term originates from the alphabet system on mobile phones, where the term 'snowman' is typed using the same keys as 'ponyman'. Confusingly, 'Ponyman' does not refer to a cocaine dealer as the term 'Snowman' traditionally does, but refers to an unwelcome caucasian as seen in the movie 'Fast and the Furious'.