When a male simultaneous ejaculates and emits flatulence. (Portmanteau of "splooge" and "fart").
Dude - "Hey man. Last night, when I was watching Grey's Anatomy... I splorted."
Bro - "Gross, wait... Why the fuck were you watching Grey's Anatomy, (insert generic comment about Dude's sexual preference)??"
Dude - "Because Glee wasn't on, bra."
Bro - "... oh, yea that's right."
Dude - *sploooooooort*