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1. (Adjective)In Skateboarding, an object high enough to rack yourself on would have nut jeopardy.

2. (Noun)Falling, usaully on a rail, and being in danger of racking yourself. Nut Jeopardy is the whole time you are in danger or up until the time you rack yourself.
Tim: dude i hit my front trucks trying to boardslide Brooks Rail. I was in major nut jeopardy all the way down. But i didnt get racked

Drew: Hahahah nut jeopardy? That could have sucked.
by Tim Hall May 10, 2007
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