The word has no real meaning. Originally made up by Sénior T-shirt, a kid who has three t-shirts. One being on him, the other two tucked into his pocket, and around his neck and speaks poor english.
Once again, the word has no real meaning, but is hilarious to say.
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).