Top Definition
A Billy, is the most Basement Budget man you can ever think of an see. When someone says something, completely retarded...or not making sense, you just give them a fast but good, "Good One Billy!" you can say it in many different hilarious ways.
I was with my friend once, in his moms van, and we pulled up to the stoplight, to see the lowest budget of them all, a dirt ass 50 year old man, his eyes were bloodshot as fuck, matching his cheaped out RED "fire-crotch" beard that looked like he had been rocking for many of years. My friend rolled down the window, and this man looked at us in a daze, staring, and my friend said Good One Billy, you cut your hair off your balls and taped it!
by Brad Brenneman October 14, 2006

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