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1.
Originating from the Tourettes Guy website. Simply stated as an alternate colloquialism for out of the frying pan and into the fire. By meaning: the process of abandoning a bad situation for a much worse situation.
"We are going to be out of the butt and into the Fuck if we don't come up with that 36 bollars." Tourettes Guy
by akukral August 07, 2006
 
2.
To be screwed; Be in serious shit.
If we don't come up with that 36 dollars, we're going to be out of the butt and into the fuck - Tourette's Guy
by pdaddy8118 February 01, 2007