this is the word created by Moriah Elizabeth in her video painting on things: 2. This is the definition of being obsessed with rainbows and sprinkles, while drawing an ocean.
Water Balloon Titties is when a man's "boobs" feel supple and warm like water balloons. Hence the name Water Ballon Titties. Possessing the physical qualities and touch of water balloons. They tend to jiggle too.
Wow David! You got some jiggly ass Water Balloon Titties!