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1.
Heightened emotion or a term of endearment or as a descriptive adjective
Shitpea! You punched my tit.
by Shitpea October 20, 2010
 
2.
A variant of the word bullshit. Usually used within a cough.
Management have agreed to look into increasing the training budget.

*cough*SHITPEAS!*cough*
by Larry Shitpeas March 01, 2013