A combination of the answer's "Yep" and "Absolutely". Created by the late Brandon Bruch this is a word that is applicable in many forms of conversation but typically avoided because of awkwardpressure it seems to bring on.
Jim: I was thinking about going to Malibu later for dinner, you wanna come?
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.