I have under-developed co-latteral ligaments in both knees. When it gets cold, I feel it. When it rains, I know in advance. I know just what you feel, Jello. It's too bad, too. I'm probably going to have surgery before I'm 30. The combination of those under-developed ligaments and playing catcher for nine years in baseball as a kid virtually destroyed my knees. When it gets really really cold, it's a bitch to simply walk. Sometimes, if I strain them, the left one will pop and then be able to bend not only back and forth, but sideways. Not to an extreme like I can throw my leg around, but enough to where if I stand still, I can pick my thigh up and my lower leg can freely swing back and forth a good 10 or 15 degrees.
My legs are also a little deformed in that if I put my knees together, my feet don't touch. I guess it's called "knock-kneed" or something, but I don't remember what my sports doctor said. I'd suggest seeing a doctor to see what they have to say.