A phrase learned growing up in wisconsin. Not sure of its use outside of that illustrious state. Means that something is not so great, but it could be worse.
When one of those irritating guys for no reason whatsoever catches you by suprise and slaps his cock in your eye.
Im setting at the computer just typing away and I holler hey hunny bring me something to drink he goes to get my drink then brings it back sets it down and I assume he goes back to whateveer he was doing and I unknowingly let my guard down then out of nowhere Wham a Fly by cock in the eye.