A rather excellent song by the eclectic outfit, Baptist & The Obscures. The name is rather a rip off of the superb funktune, 'Squib Cakes' by Tower of Power.
A - Good grief, did you hear Jizz Cakes the other night??
B - Yeah man i did, blew my testis, mind and soul.
1) A spineless person, perhaps known for sucking dick. See also, bitchcake.
2) Someone who takes it in the butt or mouth, and hence becomes a cake of jizz.
3) Paris Hilton.
Note: May be followed by the phrases McGee, McCoy, or Philips to make it a nickname for the person in question.
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.