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A sex act. While having sex doggy style a dude jizzes in his hand and hops on the girls back like he is riding a horse. He then reaches around and puts the hand he just jizzed on over her mouth and yells OAT BAG! The other hand can slap the ass, or remain idle.
Stephanie is super pissed at me for giving her an oat bag and slapping her ass last night.

Nothing is better after hot sex like a nice oat bag to hold me over until next time.
Oat Bag by MagnumTT January 15, 2011
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Reverse Oatbag 

The act of throwing up into a vagina.
I made the mistake of eating 25 buffalo wings and 2 shots of Jager and ended up giving my girlfriend a Reverse Oatbag while third basing her.
What you get after working all the time and getting paid just enough to survive.

What the farmer gives to his plow horse after working all day. Just enough to survive so he can plow again tomorrow for another oat bag.

"Oat bag! Ive got my Oat bag! Oat bag just for me!"

- Jerry Seinfeld
oatbag by Jack Mehoff October 1, 2003
Scoring six (6) breaks in a row in a competitive ultimate frisbee disc game.
"whats the score?"
"6-0"
"did we start on defense?"
"yea"
"sick! that's an oatbag baby!"
oatbag by frosty frosty January 11, 2009
Compensation for a menial job where you receive just enough to make it to the next pay day.

What a farmer gives his plow horse so he will have just enough energy to work until his next feeding.
Jeff took pride in his job at wendy's until he realized that no matter how hard he worked it was all the same oat bag at the end of the day.
oatbag by Peter Gibbons October 2, 2003
a duecebag + a hick and sometimes + fat
dude, rafa is such a oatbag
oatbag by Gmoney May 13, 2005
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.
Nutshot by Uberflaven March 1, 2009
Word of the Day on June 26, 2026