A response to an unfair or frustrating situation. Related to bullshit.
"Shit dude, my parents just told me I can't have the car tonight."
"Man, that's some bullshit."
"Jeez! I just cannot believe that the Ticketmaster service charge is more than the price of this ticket!"
"Yep. That is some bullshit."
"Irony is like ten thousand spoons when all you need is a knife..."
"Not exactly. More accurately, that is some bullshit."