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In the Grand Theft Auto universe, it's the official stock exchange. Parody/Equivalent of real-life NASDAQ. Oh I forgot. Of course it sounds like "ballsack" that's the point. The name derives from the Scottish slang it seems.
I invested 1000$ in a Ballsack...ahem BAWSAQ stock.
BAWSAQ by bawsss May 19, 2014

Balsac The Jaws Of Death

The guitarist for the Shock rock Group GWAR (played by mike derks) Balsac has a mask that is of a Bear Trap going across his face and uses a Gibson Explorer....he also holds the record for the amount of gwar CD covers hes been on (on the beyond hell CD it just shows the balsac head) and (to me) has the coolest mask in Gwar
I am A huge fan of Gwar yet my favorite mask is on Balsac The Jaws Of Death

bassacious 

Andy and Bass are so bassacious A
bassacious by Mr Az June 14, 2007
male skin bag below cock. holds balls. adapted from scottish slang. also known as scrotum.
excuse me, gran. i tore my bawsack.
bawsack by bawsack October 25, 2004

bassacious 

Too be totally cool and rockin.
Andy and Darren are totally bassacious A.
Another term for a man's testicals.
"-back in Nam' my man had his Bowsack shot off"
bowsack by Festival Testical>- April 10, 2016