When you're in the position sixty-nine and one person decides to tongue jack your fart box and the other person puts a finger in the tongue jacker's butt to avoid having to reciprocate.
She started on the shaft, moved to the balls, and then proceeded to lick my butthole, so I "panic buttoned" her ass!
"Hey did you hear that Sally and Nick hooked up?" - Person 1
"Really, they did??" - Person 2
"Yeah, I heard Nick let Sallyplay with his panic button" - Person 1
1. When you shoot your partner to prove you’re not in working together.
2. Pretending to catch a criminal in the act that you are in fact working with.
3. Con-artist pretending to turn on each other in-order to dupe the Mark.
1. Richard Rovair used the old Toledo Panic Button tactic and shot his friend then pretended to give chase when the Mob Boss caught them stealing. Lucky for his friend it was only a flesh wound.
2. Tommy didn't almost get shot by accident. Hughes Johnson pulled a Toledo Panic Button on him when when his neighbors came home they found Tommy and Hughes inside their house, and their expensive plants being stolen. Hughes said he heard a strange noise, went to check it out, and saw someone stealing. His neighbors think Hughes is a hero now.
The one that if someone presses it right, and the partner doesn't die, they never have to come up with a Fort Wayne Panic Button or a Flint Panic Button. If you tried to do it with someone you didn't trust though, at least one person could die.
These two guys doing the Toledo Panic Button didn't seem too trustworthy, so the new guy declined when they asked him if he wanted to do it, even if they thought he was a bitch for it.
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.