1. The common nickname for Shit Rock band Nickelback

2. A dump where you discover some amount of money inside your stool
1. "Dude, did you know my sister likes Nickelshit?!"

2. "Hey man, Pizza's on me, because I just took a massive nickelshit!"
by JamesBHATESNICKELBACK September 2, 2011
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