The unfortunate event that occurs when comsuming a beverage (milk, usually) and due to a joke or other funny event, the act of trying to supress the mirth results in the liquid spraying out of your nose.
I was watching Jim walk down the street and while I took a sip of milk, he fell down the steps, causing me to have a noseblast!
A person or persons from Asia whom usually is bought from a rich, cracka and is used for sexual favors and has a strategically placed penis where his/her vagina should normally be. Usually bought from a poor Asian family in a large city. Related: transvesite, tranny, shemale, hermaphrodite.
I bought this crazy hot Asian Ladyboy from a cracka in NYC.