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1.
1. When your dick gets ripped off because you were doing something stupid and/or dangerous.

2. The act of shooting someone in the balls during an airsoft or paintball match.
I told Allen not to jack around with the meat cleaver, but he didn't listen to me and accidentally dick ripped himself. What a dumbass.

I dick ripped Jimmy last weekend while playing paintball. He was in so much pain he cried.
by J. Arnier May 05, 2007