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1.
an expression that is intended to convey excessive excitement. the beauty of the expression is that it has a double meaning; one literal and another entirely figurative but much more ridiculous.

1) to be shitting in one's pants
2) to be excreting pants from one's rectum

(over the phone): hey broski, guess where i'm at? in line to see the offspring. i'm shitting pants!
by b3n d0v3r June 19, 2008