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1.
A combination of bullshit and malarkey meaning something is so absurd it is beyond nonsense and bullshit.
Politicians are full of bullarkey.
by NJ40 February 16, 2007
 
2.
Bullarkey is a mixture of the two terms "bull sh*t" and "malarkey". Usually used when in disbelief or in argument.
Student 1: Hey, did you hear? The substitute just assigned a two page essay on Capital Punishment.

Student 2: What!? Class ended 15 minutes ago!

Student 1: I know, it's a bunch of bullarkey!
by JustReidIt December 07, 2013