An accident caused by someone being distracted. The distraction is usually an incredibly hot chick. Happens frequently when driving and you do not notice the traffic has stopped in front of you because you are too busy staring at some beautiful peice of ass. Not limited to driving situations.
1. Wow, look at those legs. She should not be walking by the side of the road - that is a distraccident waiting to happen.
2. Barman 1: Oi you fartknocker, you just poured beer all over my leg cause you weren't looking.
Barman 2: sorry mate, it was a distraccident. Look at that hottie leaning on the arcade machine.
Barman 1: fair play.