Plain English Meaning
A landing approach flown too slowly. The airplane is nose-high, hanging on the engine, and close to stalling. Small mistakes during the roundout can cause it to drop hard onto the runway or stall before touchdown.
Full Definition
An unstabilized landing approach in which the airplane is flown below the recommended approach airspeed, requiring a higher pitch attitude and increased power to maintain the glidepath. The reduced airspeed places the airplane closer to the stall, decreases control effectiveness, lengthens the flare and float, and increases the of a or stall during the roundout if power is reduced too soon.