Person 1: Damn, it's getting late. I think I'm going to whack it and then pass out.
Person 2: Ah, you mean the ol' ooze'n'snooze.
Person 1: Why of course.
Balls deep is a reference to either the entire length of the penis penetrating an orifice, to the point of the testes, or extreme commitment to something. This is a great word, but unfortunately is not very gender inclusive. We need a more modern word, one which is more accommodating of one's gender fluidity, or really anyone without a penis. "Ooze deep" describes this very well in that if one is enshrouded in the ooze, referring to any genital fluid, they are "fully committed to a situation".
"I'm ooze deep in your mother"
"I'm ooze deep in my work right now, don't bother me"