Freshpair.com has been running a clearance on their mens underwear for a while, clearing out the warehouse to make room for the spring and summer underwear styles to come.  They’ve now just rolled out a coupon code so you can take an extra 40% off whatever the clearance price already is, so you can get some extra men’s undies for less.  

The current markdowns are up to 65% off already, so taking another 40% off the discount will get you some cheap underwear.  To get this extra cut, use the coupon code “LOW40″ at checkout.  This discount only applies to clearance items, and it will expire March 6, 2010 at 11:59 EST.

They’re also teasing an exclusive 48-hour sale starting Thursday, so keep your eyes on Freshpair for more savings.