Just like a regular kegstand, except the spout is inserted into the anus as onlookers chant the number of seconds the participant can withstand the ice-coldbeer entering his/her rectum.
A common party activity in which two people hold another person's feet while the person's hands hold onto the keg. Another person holds the tap in their mouth until they give the signal to stop, and everyone else counts. The object of this activity is to chug beer from the keg upside down for as long as possible.
Colin Powell: "Mr. President, I strongly suggest you look at these files reporting a possible imminent terrorist threat on American soil."
W: "Uh, just a second, I'm in the middle of some important business. All right, Dick, get my left foot...Laura, get my right foot, and Jenna, you get the tap. I'm gonna suck this baby dry! Woo-wee!"
Janet Reno (opens the door): (in a low, bellowing voice) "Did somebody say 'kegstands'? Let me at it!"
While our lifespan is the number of years we will live, our healthspan is the number of healthy years we will have and our sexspan is is the number of years we will continue to be healthy enough to continue having an active sex life.
A lighthearted reaction upon receiving disappointing news of some sort. Usually something that isn't a particularly a big deal, esp. when it primarily affects someone else - sort of a mild schadenfreude. Sometimes doubled or tripled, and possibly said in a sing-songy voice for added comedic effect to imitate a muted trumpet, which is how the meme originated.