A snakeoiler is a preditorial person, in an exponential search for unsuspecting victims. As a financial planner or the like, the snakeoiler uses all his charm and selling skills to persuade his victims into parting with their hard earned money for distribution into dodgy investment vehicles. These investment vehicles usually consist of low growth and substantial ongoing fees. The snakeoiler is paid a pro rata fee from the companies who run the dodgy investments and this money is used to fund his lavish life full of woman, alcohol and travel to countries where his dollar, or should we say our dollar is stretched as far as it is possible. The snakeoiler can often be found shopping for snake skinshoes and cheap suits.
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.