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1.
The cinematic conceit of blowing shit up on a large scale, in slow motion and (usually) at sunset.

A portmanteau word employing the concept of the inevitable incendiary mayhem employed by uberhack Michael Bay in lieu of characters, a script or a a pube's-weight of reality.
A: Dude! Did you dig the plot in Transformers?
B: Hell, no! I was only there to watch the Bayhem!

or

A: I can't believe The Knight lays waste to Los Angeles at the end of Bruckheimer's remake of "The Seventh Seal."
B: Yeah, who needs Kierkegaardian themes on death and meaning when you can unleash total Bayhem?
by Jamie H. Lewis August 06, 2007
 
2.
The cinematic conceit of blowing shit up on a large scale, in slow motion and (usually) at sunset.

A portmanteau word employing the concept of the inevitable incendiary mayhem employed by uberhack Michael Bay in lieu of characters, a script or a a pube's-weight of reality.
A: Dude! Did you dig the plot in Transformers?
B: Hell, no! I was only there to watch the Bayhem!

or

A: I can't believe The Knight lays waste to Los Angeles at the end of Bruckheimer's remake of "The Seventh Seal."
B: Yeah, who needs Kierkegaardian themes on death and meaning when you can unleash total Bayhem?
by Jamie H. Lewis July 31, 2007