When something bad happens.
Person 1:Man my VCR ate my favorite movie.
Person 2:Shit in the Bed!
by Reid 3rd January 01, 2004
A major break down and/or collaspe with ugly conotations. Usually used to describe market activity.
The stock market really shit in the bed today after the release poor jobs data.
by Sauceman December 27, 2004

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