Acronym for I Pulled It Directly Out Of My Ass. Used frequently in the business world (OK, maybe not so frequently). Indicates that little thought went into providing an answer, etc. Similar to swag, Scientific Wild Ass Guess.
Boss: "This estimate is way off, how did you come up with it?"
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).
Boys who enjoy yaoi (a genre in Japan that contains sexual and/or romantic relations between two men); literally translates to "rotten boy"; corresponding female : fujoshi