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1.
To die, sometimes to commit suicide.
Implies the kicking out of a bucket from beneath yourself with a noose round your neck, to hang yourself. nice.
Can also be used just for general death, or a social/career suicide (faux pas)
"grandma kicked the bucket last tuesday"

"he really kicked the bucket with THAT one"
by feck_arse December 23, 2005
 
2.
When you are toking a bowl of dank nugs and you cough into the pipe and the nugs fly out.
Matt was toking the bowl infront of some hot bitches and he kicked the bucket and made a complete ass of himself.
by DJ DANKNESS AND MC LUNCHBOX November 05, 2005