A lighter form of referring to someone as an offensive form of gyspy, due to the comical ending of the phrase. Often used in jest. Although gypsy's are stereotyped in modern society as being 'lowlife', many of them are actually perfectly normal people, thus making this phrase a derogatory term.
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).