A condition in which a one's penis feels like it's going to fall off (or in rare cases, actually does fall off), especially after excessive masturbation or an intense sexual experience.
Friend 1: "Dude, my dick feels like it's going to fall off!"
Its a shame Louis destroyed about a 1/4 of that bottle of Dubra throughout most of the party. He was too dicksausted to do anything except listen to her drunken stories that she kept repeating all damn night by the time everyone settled down.