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1.
An abbreviation of 'bad shit going down'. Despite this, it can still be pronounced ' bsgd going down'.

Refers to a moment of realisation that proceedings have taken a turn for the worse.

For situations requiring greater emphasive of how bad they seem, the term 'major bsgd' applies.
Kendy: I just lost a bud of weed, bsgd going down!

Yeppell: The repo man from the catalogue took my tv, 206 and 12 man tent....major bsgd!

Gayshall: Bsgd went down last night, someone broke into my car and took my coursework and metal cds!!!
by Beester May 15, 2009