Pronounced: Eye-ehch-tee-gee. Acronym for "I Hate That Guy". Used in a business context to refer to nincompoops or others who just do not have a clue. The acronym allows the user to refer to said individual with little chance of knowledge of who you are referring to.
"IHTG, when is he going to figure out how things work here?" or, "I had a meeting with IHTG, and I am still recovering. He didn't get anything done on his deliverables."
Person 1: Brb <after some waiting>
Person 2: ihtgttbr bbttyftoiwbb
<more waiting>
Person 2: back
Person 2: you aren't back yet? omg, hurry up!
Person 2: i told you...
Person 1: back
Person 2: god, finally!
Person 1: why'd you say i told you?
Person 2: i said ihtgttbr bbttyftoiwbb!!! douche
Person 1: i don't get it...
Person 2: URBANDICTIONARY.COM, they'll tell ya...now go talk to someone that cares.
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.