Basically the same thing as a blue walffle just worse. It's were the blue walffle goes into the Anus and into the vagina/penis. It causes itching, blisters, that are blue, and causes you to go pshyco
When something is just preposterously ridiculous, that you must add the extra "blue bunny" to the beginning of the phrase.
with it origins stemming from an incident involving a lack of honey mustard for chicken fingers due to a grand miscommunication between a customer and a snack bar whore while in the presence of Blue Bunny Ice Cream, blue bunny bullshit has stemmed into a prevalent exclamation at Archmere Academy thanks to the help of Bumblebee the Helsinki Street Rat
"I can't believe that he got DQ'd for being a ginger at the track meet"
-concerned friend
"i know man, that is some blue bunny bullshit right there"