This phrase originated in Little Rock, Arkansas. Basically, it means a righteous cluster fuck. It can be used anytime you get into a pinch, or just a down right fucked up situation with multiple causes and no way out.
"This is such a nut hair jubilee."

"This is a fine nut hair jubilee you've gotten us into."

"Jesus Christ, what a nut hair jubilee."

"No thanks. The last time you had an idea, we wound up in a nut hair jubilee."
by Matthew May 19, 2004
Get the Nut Hair Jubilee mug.
A sticky situation, possibly involvign an ear mold silly putty and/or olive oil.
" Wendy that silly putty realy got us into a nut hair jubilee".
by TZ1210 February 5, 2007
Get the Nut Hair Jubilee mug.