A phrase made popular by the movie "A Christmas Story". The main character, Ralphie, yelled it, followed by his narrating adult voice adding, "only I didn't say fudge."
oh fudge nipples is a term to use on ur minecraft server when a tricky 15 year old greifs your world, and also just a way of not saying fuck or saying that you care.
And dying in yo' bed many years from now, would ya be willing ta trade all da days from dis here day ta dat fo' one chance, just one chance, ta come back here as young men an' tell our enemies dat dey may take our lives but dey will never take our freedom ... YUB NUB!