adj. The best something could possibly be. Specifically to a man as it refers to a man's two most favorite things in life. Ultimate. Insanely awesome. Cray Cray.
Mostly of australian origin, describing someone female, who is atletic and crispy. Therefore the breasts are more muscular and firm, "draind of fat" like cooked bacon.
-Yo mate, look at that bacontits over there on the surfbouard. I bet she is not just hot, but has also a degree in dentistry or somewhat...