An assessment of something that a person likes, but is indefensibly lame. Usually used in order to end further ball-busting.
Dave: "I just saw 'Alvin and the Chipmunks 2: The Squeakuel."

James: "Really dude?! You saw that piece of shit?"

Dave: "No, really! It was a pretty decent movie."
by Jeffery Sobchak April 1, 2010