1. terrible party, usually full of cotches.
2. when someone talks up an event to make it seem cool and before you even get out of your car, you know it blows.
3. when you're at a location where you know no one, and no one trys to bring you into the fold.
Person 1: Did you go to the party at Dusty's?
Person 2: Yeah, but I wished I didn't. It was the biggest lamefest ever.
Person 1: I told you man.
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.