Ass-Blood is formed fromt the meaning of when you wake up the next day after a wild night of party going, and you wake up to realize that your wallets been stolen, your wedding ring is gone, your naked tied to your bed by your tie and pantlegs, and you can only seem to recall buying a hooker that night. little to your surpise what you thought was a hooker was actually a Tranny and you fine blood on your ass or also know as ass-blood.
when you see somebody you dont like and they have horrible acne or just an discusting face, you should and will call them an Ass-Blood for beaing a total discrace to everybody that you were sitting by at that time.
Guy1: dude i have no fucking idea what happend last night!
Guy2: well do you remember anything
Guy1: well i remember renting a hooker from main and central
Guy2: WAIT! main and central!? dude check your ass! thats where the trannys hang out!
Guy1:*puts hand by ass*
Guy1: Dude that ugly Tony kid is comming, hurry up duck!
Guy2: Yeah man hes such an Ass-Blood!