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1.
A polite way to dismiss or reject something without having to say bullshit. Typically used by parents, teachers, adventurous clergy, and youth guidance counselors.

See also: bullcorn, bushwa.
"Those boys may tell you that all of the girls are doing it, but, pardon my French, that's just bullpucky!"
by Lucky Kobold April 25, 2007
 
2.
yet another word for a womens pussy
cmon baby show me that bullpucky
by alex and spenser March 15, 2004