Fudge Squirrel Share definition Flag A fudge squirrel is basically a giant nutty shit, with a peanut(or any other kind of nut) sticking out of one end. "Dude, those peanuts they gave me on the plan made me drop a fudge squirrel at 35,000 feet." Fudge Squirrel by Mr.Mark Guido February 5, 2010 0 0 Get merch Get the Fudge Squirrel mug. Buy Now — $32.95 See more merch