The delicious phrase that succeeds the already tasty "cool beans."
1) Intended to be a replacement or an expansion upon "cool beans." According to the prophecy, all cool beans will eventually be made into neato burritos. Their fate is inevitable-- it is only a matter of time.
2) Means "cool" or "awesome," but can also be a form of approval or for closing a conversation in a simultaneously witty and dorky manner.
"Whoa, check that out!"
"Dang, that's neato burrito!"
"So I'll pick you up at 7?"
"Sounds good."
"Neato burrito."
"I just got an iPad!"
"Cool beans, man."
"Actually, it's 'neato burrito,' now."
"Shut the hell up, Matt."
" :( "
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.