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1.
Orgasm caused by wasting money in the hippest way possible.

How you pronounce it depends on your economic status.
An open-air tapas bar on top of a skyscraper? And the bathroom faucet streams Pellegrino? I...I just had a bougasm.

Girl #1: He made my legs shake, the best bougasm I've ever had.
Girl #2: You mean orgasm.
Girl #1: No, we used Courvoisier for lubricant.
Girl #2: Ah.
by Jason Gudasz January 13, 2014
 
2.
An act that may occur when a person becomes overly excited due to a certain hairstyle.
-Look at that guy's hair!
-I know, it gave me a Bougasm!
by CJD415 July 08, 2009