Bullshido is a word used for martial arts that are taught incorrectly. Most often this refers to unverifiable credentials, bad training methods, and lying instructors intentional or otherwise. Bullshido can come in many any martial art, but is most prominent in the traditional martial arts.
bullshido.net is most often given recognition for this term's origin, but it should be noted that there were uses before its conception (though much more sparing).
You've been wrestling for two weeks, and you've never been in competition. What you're teaching us is bullshido!
That Frank could knock out his opponents with mind bullets was complete bullshido.
I'm not training at some bullshido McDojo that charges 130 dollar testing fees!