A massively geeky (albeit skilled) group effort to produce a stunning 'the whole is greater than the sum of the parts' minatures army. Coordinated artistic and creative efforts that go outside the normal requirements (expected and unexpected) of the hobby.
Setting new "requirements" for other teams for the next year's event. Bastards making it hard for everybody else.
Usually used as an exclamation with word "word" - Bloid. Word!