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red under the bed 

an insidious communist presence that has infiltrated a capitalist society (the under the bed part refers to the stereotypical child's fear of monsters under the bed, often used ironically to describe the mentality of people who are paranoid about communists)
Back then the red under the bed was viewed as the driving force behind our defense budget.
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shit the bed fred 

phrase used to show amazement or disgust with a situation.
The milk spilled all over the floor.
Well Shit the Bed Fred! Now I have to mop.

shit the bed 

1) Making a mistake that many other people recognize as a mistake.
2) Fucking up...really bad
Jeff shit the bed when he hooked up with Marty instead of Ashlea.
shit the bed by J April 9, 2003

did you shit the bed?

what you say to someone who turns up to work ridiculously early, as everyone knows this sort of eager beaver behaviour would only be acceptable if you had actually shat the bed, were forced to get out of it, and had nothing better to do than come to work.
colleague not due to start work till 9 showing up at 8.15: good morning!
me: did you shit the bed?!

making the bed 

The act of banging someone in bed, under the covers.
They were making the bed last night at the hotel.

Wes'd the bed 

Similar to wetting the bed, but caused by sharting instead of urinating.
Confused Friend: "Dude, why was the hotel maid changing the sheets in our room today?"

Guilty Party: "Sorry bro, I just Wes'd the bed and had to call housekeeping".

Disgusted Friend: "WTF???"
Wes'd the bed by vegashockey June 7, 2011

crapping the bed 

Crapping the bed means to do so horribly bad on something such as a test. If you crapped the bed you didn't do good on a test
Aww man I crapped the bed on that math test

He sure crapped the bed on that test

So far im crapping the bed on this unit
crapping the bed by crooxtor January 31, 2014