The corporate equivalent of the naval expression "all hands on deck" where everyone is called to help remedy an emergency situation, but in the corporate world most people can't really help so the best they can do is put their hands on their dick.
When BP realized the magnitude of the oil spill, the CEO called for all hands on dick.
That gesture people do, sometimes ironically, where you wipe or smack your hands together to signify that a job’s done... in that kind of "I'm a carpenter knocking the dust off my hands" kind of way.
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.