To have a moment or point in your life when you are considered an idiot. A.K.A. dumb ass. Comes from the 2 terms knuckle head, and dumb shit.
1. I can't believe you didn't shift out of first gear after proceeding 100 miles an hour, you're a knuckle shit!
2. Josh-"Did you guys drill the hole out for the waterfall bolts on tower 13 yet?"
Bobert-"No, not yet."
Josh-"Well, now you've gotta go drill that hole out even though I told Randy I would do it, you fuckin' knuckle shit!"
A touch of the knuckles to smooth something really douchy that you've done.
Friend #1: (Hits his friend really hard)
Friend #2: What the fuck man.
Friend #1: That was for earlier, knuckle touch?
Friend #2: (Touches knuckle) Yeah, its all good.