Used to express extreme awesomeness, happiness, joy, or any other positive feeling x100 000. Is also a congradulatory expression, and the exact opposite of Bunk house. Buckets o crabs is also related to Buckets o fun (a positive feeling x10 000)
Dude1: Man, I just laid the swedish bikini team!
Dude2: Buckets o crabs!!!
Dude1: And your mom! Hahaha!
Dude2: Totally bunkhouse man!