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The same as "bullshit", most famously used by Bam Margera during the series "Bam's Unholy Union"
"That is bellshit"
by Blaustiffft November 01, 2008
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Like a bellend but also a shit one.
Fred: Christ John you are such a bell shit.

John: Clear off you bellend.
by _pete_ October 04, 2006
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Complete and utter bullshit to the point of absurdity.
Cop: License and registration!

Driver: Officer I was only going 10 over the speed limit I swear!

Cop: That's Bellshit I clocked you traveling 22 over as soon as you crested the hill!
by DonKehote August 16, 2011
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