Upon seeing a chick so hot, you instantaneously cream your pants. It's like a super-fast wet dream, but awake and in public. Often used in hyperbole since guys don't actually do this, except lame-ass premies.
Guy: Dude, did you see how tight that chick's ass was?
Guy 2: Yeah man. I just instabusted.
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*As you pass a hot girl*
Dude: Instabust!
Guy 2: Yeah man. I just instabusted.
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*As you pass a hot girl*
Dude: Instabust!
by SpicyKB October 5, 2007
by The Real Nard Dog March 11, 2011