For this reason, the term can also be used when something was great and turned shitty in a minute. Or you thought you had something and it was ripped out of your grasp at the last second!
Oh...! Dick Out!
someone declares "Dickout!" and everyone in the room has a five second time frame to look away, or they'll get a glimpse of some cock.
the party that looks at the dick may also be charged with wanting to see the dick, as they did not look away within the time frame.
not wise to play in public or around children.
"omg cover your eyes!! TONY COVER YOUR EYES!!"
"gross man! you wanted to see dude's cock!? gay."