1. The prominent shape of a females vagina lips when in leggings or spandex.
2. A person that portrays features of a midget, yet is also over weight. "Fat and short"
i. Mike: Bro did you see Sara in those pants today?
Jeff: Yeah man, she was sitting with her legs up in class and I totally got a gnarly shot of her "nugget".
ii. Sandra: Oh my gosh is that a midget crossing the street?
Carsen: Nah man, that's just a little "nugget".