Short for bullshit. It combines the words bull (dropping an 'l') and the short form of shit (shi) into a single syllable word that is easily applicable. 'Bolsh' is also an acceptable variation.
Hey man, my teacher failed me for talking. This is such bulsh.
by Jimmy Schmidt February 23, 2005
A word used to replace the phrase "bull shit" so that the phrase sounds cut short. Commonly used to point out something that is bull shit without sounding volgur.
My boss is making me work a double shift. This is some bulsh!
by Snappy S. July 01, 2010