It is a mis-pronounced version of "asshole", from the movie Johnny Dangerously where Roman Moronie used to butcher the English language.

A pepperminty sweet schnapps that is made in the great white north of Minnesota. It is meant to get people especially women super drunk for super cheap. The fastest way to drop a woman's panties.

Also comes in cherry, butterscotch, plum, and XXX grapefruit, but those flavors suck.
A little known fact is that Vermillion, SD, is the second highest per capita consumer of this wonderful ambrosia.

A person or persons who feel the need to put down or criticize someone else’s opinion in order to make themselves feel their options are correct or legitimate. Usually someone who is insecure with themselves. First spoken in the movie “Johnny Dangerously”