an annoying person, usually referred to as "stupid", or "get away from me (persons name here) can be used as an insult or as a friendly jest. Someone whos done something stupid. Literally "you have stepped in a bucket of shit " from the days in which people didnt have toilets. A witty remark.
todd man, u totally just spazed at mark, you shitbucket!
A nicer word for a "nigger , loot, coon, porch monkey, or yard ape."
"Damn man, That Gene Boyer is a real shitbucket. I would like to bust his shitbucket lips right the fuck up."