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mom's basement 

Stereotypical home for the geek, nerd, fatbeard, loser, etc. The term implies that the individual still lives with one or both of his parents despite being a grown man. Reasons for still living at home may include a lack of drive and ambition, being unable to afford a place of his own due to spending all of his money on his hobbies (i.e. Star Trek figurines, comic books, and online role-playing games), or just plain being a mama's boy.
"Jeff is such a loser. He really needs to move out of his mom's basement and work on getting laid rather than spending every free minute playing World of Warcraft."
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Tubsy's basement 

A damp dark hovel hole under ground somewhere, no one exactly knows where. Tubsy's Basement is completely cut off from the outside world apart from the wonders of the internet! Has limited furnishings basically a mattress and a bucket and of course a pc.

I Have Children In My Basement 

Instead of saying you have something you can say the much better phrase I Have Children In My Basement
hello did you know I Have Children In My Basement

Evicting the basement tenants 

This is a euphemism for the release of fecal matter.
Sorry I was late, I ran into some resistance when evicting the basement tenants. What a pain in the ass.
Evicting the basement tenants by MC? February 14, 2006

bargain basement 

An adjective used to delineate when something is of a low or poor quality. Below standard. Generally unfabulous.
"Somebody should tell Ricardo that he looks like a bargain basement gay with that poorly made fake Louis Vuitton man bag on his shoulder."

"I can't stand my girlfriend's friends from high school. They're so bargain basement."
bargain basement by NYLAsexbomb November 25, 2006

parents basement 

Hey i finally got out of my parents basement!

Boys in the basement 

A slang term that refers to the male testicles.
"Take it easy, my boys in the basement are sensitive!"