A friendly gesture in which one person fingers their shithole and jams said crap covered finger into the snotlocker of another. The nose of the recipient then begins to bleed resulting in an explosive stream of blood, snot and poo.
A group of people or person that are/is crackheady', retarded, low-lives, inbred, or in general just dumb as two rocks fucking.
"Cleetus you Hog-Nosed Dirt Squirrel quit smoking meth everytime you do, you end up fucking the livestock!"... "One of these days your dumbass might actually fuck a female and knock up one of the poor bastards"
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.