Dress Flops
When the new young preps have two pairs of Rainbows flip flops and one of which they concider new and clean enough for fomal occasions.
Dude, I can't wear these to dinner. I'll stop by my place and put on my dress flops.
Dress Flops
When a woman is wearing a short dress and you can see her vagina hanging out.
Your mom was wearing a short dress. I saw her dress flops and I liked it.
Dress-flops
Flip flops that are slightly more sophisticated than regular flip flops; usually have sparkles, pearls, or fake diamonds on them or have heels.
At the party, many of the girls were wearing dress-flops.