The vile shit that one takes the morning after consuming a large amount of alcohol the night before. Usually occurs before or instead of vomiting during a hang over. Also happens 99% of the time after drinking 4loko.
Liza: "Hey guys, this is kinda vulgar, but I cant stop shitting after sippin' on the 4lokos last night."
Joe: "Yeah no shit ya prick, its called shitting out a goblin. Hehehe"