something you say when something incredibly bad is about to happen. best used if you have enough time to say "oh.............balls."
a perfect example is in the the movie Posiedon when the giant wave is about to go into the ship. It is perfect because it takes a while to crash but a person watching knows that it will hit hard. "oh... balls." (spoken very slowly)
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.