A fork of Rural Dictionary
When a male or female appears to be so slutty/whoreish, that they already have one or more condoms opened and inserted in their orifices for the hopes of possible penetration. Only taken out when nature calls, but immediately re-inserted for continual safety.
Me: "Hey look at that sloot over there." Tanner: "Which one?" Me: "That one who's clearly latex ready." "You see how slutty that girl is dressed, guarantee she's latex ready."