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A hairstyle used by the famous Ken Doll. Usually an insult unless you are aiming for this abnormally gelled hairdoo.
Bobby: Yo dude.
Joe: Hey man. Uhh......nice asscut *laughs histerically*.
Bobby: Shut up!! I hate you! My mom made me get it *buries face in hands*
A well below average cut of meat usually purchased on discount. The eater typically feels they are eating 'steak', but only by the loosest standards because it originated from the absolute worst portions of the cow.

The steak equivalent of a hot dog.
A: I'm eating good tonight. I'm having steak!

B: No you aren't Farley, that is totally the ass cut
by SnowmanC November 18, 2010