When a dude during same sex intercourse, proceeds to aggressively lick off the cheesy like substance in between the other man's ball sack and asshole. (This substance is referred to as smegma.) Then spits it in his face and yells nacho cheese while pulling violently on his penis.
Guy 1: Wow, I am so sore from last night.
Guy 2: Ya, we Nacho Punched for hours.
or
Guy 1: We should try the Nacho Puncher.
Guy 2: Sure, I heard it was great at extending your penis.
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).