Funderstatement 

A contraction of "fucking" and "understatement", aka, a fucking understatement.

No shit, that's a funderstatement.

Funderstatement by Kaylawayla April 26, 2005

understatement 

1. expressing with restraint or lack of emphasis, usually used for an ironic' or rhetorical effect.

2.basically a figure of speech that writers use to subtly make a situation less important or serious than it really is.

Saying "We've had a little rain," when the neighborhood is flooded. Now that is an understatement.

The last line of Frost's "Birches" illustrates understatement: "One could do worse than be a swinger of birches."

understatement by AuthenticJudge May 18, 2010

understatement 

to state to weakly, or without emphasis

To say George W. Bush is a bad president would be an understatement

understatement by Garrett San February 19, 2008

understatement of the century 

something said that states the obvious, often falling short of the truth.

guy 1: Bush was a sucky president.
guy 2: That's the understatement of the century.

understatement of the century by yellowcurvedhead March 27, 2010

understatement 

To say that such phrase or sentence is not well defined and/or weak in its own definition

Person A: I think Richard Simmons is gay.

Person B: That's an understatement.

understatement by ___the_underscore___ April 5, 2010

Yukon Understatement 

Immediately after peeing in the snow, one rams his unchub in the pee hole in the snow. After the phallus is sufficiently frozen and frost bitten, the actor pulls one off. Simplicity is key.

"Hey man, how'd your night go? It was so cold out!"

"Awful!"

"How come?"

"This girl rejected me, so I had some terrible blue balls. To relieve the situation, I had an old fashioned Yukon Understatement to set me right."

"Right on, brother."

"Not really. The tip is still frozen."

Yukon Understatement by Francis Shedaisy March 6, 2011

Bunderstatement 

hash mark skid mark fart 1: The sound a fart makes. 2: Wet Fart Mark on the underwear.

1: Person 1 Farts real loud. Person 2 says "that was some bunderstatement you just made" 2: After the car accident happened, I knew there would be a huge bunderstatement in my underwear.

Bunderstatement by bareeboy December 15, 2008