1) a phrase you shout once your penis becomes erect.

2) a phrase you shout when you are about to beat someone so bad in a videogame that it makes you sexually aroused.
mike: "It's Boner Time!"
Bob: "you have a boner right now, dont you?"
Mike: "yep"

John: "oh man! This match is full of noobs waiting to get pwned! It's Boner Time, bitches!"
by paster whackadoodle March 24, 2012
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In response to an action or statement; a state of unparalleled excellence in which achieving a boner is not only fitting, but a moral imperative.
"Hey man, all of our classes were canceled, Mallory called and said she was totally free, and I just picked up a case of Keystone!"

"Boner Time!"
by xtremebro January 28, 2009
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Any ammount of time spent watching pornography, looking at beautiful women, or simply fantasizing. Popularized by Sean W. Scott in the movie Road Trip
by TrippleZero May 9, 2005
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"Did you see Caitlin in her backless dress?"
"Yeah, serious boner time."
by charles in charge January 26, 2005
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