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Originally a Smaug MUD (Multi-User Dungeon) command to demote a player (usually to newbie status) and strip and destroy all of their belongings. Currently this is now this is used among MUD (or ex-MUD) players meaning to demote or delete an item/person.
"I'm going to balzhur that copier if it jams one more time!"

"I punched my boss at work because he won't replace the stupid copier, got balzhured."
balzhur by Kilokahn January 16, 2014
Related Words
This is not slang. It is Dutch for "scrotum."
In the Netherlands, the pouch of skin and muscle that contains the testicles is called the balzak.
balzak by TMD September 13, 2006
a term used to describe something crazy or wild.
that herb is balznago!
balznago by j amsterdam September 10, 2006
when someone does something that is either really stupid or really amazing, also referring to the most amazing person ever

add paulsie, walsie, balzie, malsie, alsie, or big in front of balzano for more dramatic effect
1. Shot not get the phone. Fuck thats paulsie walsie balzano.
2. Dude did you see that shot? Yeah it was big balzano.
3. Mr. Balzano is the fucking man. Yeah i know.
Balzano by asdfasdfasgv March 22, 2008
A phrase to express frustration. A replacement for the word "darn" or "dang it."
When Annabel tripped over Lauren's large testicles and into a pile of poopy jello, she exclaimed "BALZ!!!!"
balz by Dwarfscum18 January 13, 2017

Michael Balzary 

The best bassist in the world, commonly known as Flea, plays with the Red Hot Chili Peppers. Greatest band ever.
Michael Balzary goes by Flea because he is insane and short
Michael Balzary by BassBen15 October 17, 2008