Cutter - as in "a device that can physically bisect an object"
When you put these words together, you get: "a device that can physically bisect a constant stream of urine" - a "pisscutter" so to speak.
This word was first uttered in Schreiber, Ontario and is used to describe the sheer awesomeness of something. It can be an idea, an object, a time in history, etc...to refer to a subject as being (a) pisscutter is to say that it is so awesome that it can actually perform the impossible act of cutting a stream of piss.
** Do NOT confuse "Piscutter" word with "Turdcutter"!! **
ME: "Is that your new car, Joe?"
JOE: "Yeah, it's pretty pisscutter, eh?"
ME: "Well, it is pretty sweet...I don't know if I would call it pisscutter."
JOE: "So what would YOU consider pisscutter?"
ME: "Your mom's turdcutter..."
and so on.....
Example two: That nasty bitch pulled her panties aside to take a leak, but sprayed the bumper of my truck with a golden horrible piss cutter!