Any altercation that is taken seriously by one involved party and laughed at and dismissed by the other involved party/parties. Usually leads to loss of job.
Originates from a fight over whether throwing away bacon that landed on the floor was a waste or if it was still edible.
"Dude, did you hear so-and-so got fired?"
"Yeah he got into some heavyfloorbacon with another co-worker earlier this week, it was all down hill from there"
More commonly known as peameal bacon served with breakfast. Also known as the fat that sticks out of the sides of chicks who where clothes that are too tight, or wear high cut tops and low cut pants, leaving blubber or 'back bacon hanging out the side.
Holy shit man, look at all the back bacon on that chick, you could feed a family of twelve with that.