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Undercutler 

A situation in which your job almost changes without your approval/knowledge, but when all is said and done, nothing actually changes.

A situation in which an individual's employer talks about changing the employee's status, but it never materializes.

Origin: The Denver Broncos received a trade proposal in February 2009 that would have sent Jay Cutler to Tampa Bay. Cutler was very upset with the situation, even though no trade ever happened. This trade that never happened has spurred the term "Undercutler(ed)".
Damn dude, I heard from Betty in HR that I got fired today. I'd better start looking for a new job incase it's not just an undercutler next time.

I really want to fire that guy but it's all one big undercutler.
Undercutler by SmartWaterHippie March 18, 2009
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Undercutter 

Someone who tries to steal your business by offering the same service/product for less money.
Javi Rox: Yo, I got these cheeseburgers! I sell them to you for a dollar!
Jay Nyce: I got those same cheesburgers for 50 cent!
Javi Rox: I hate that motherfuckin undercutter.
Undercutter by Domexicano March 17, 2005

Undergutters

Underground hip hop, especially if it can't be found in any stores.
"I be bumpin' straight undergutters."
Undergutters by quatraine3 August 21, 2009

Undercunterated 

When you underestimate how much of a cunt someone is
Wow, I undercunterated her!

How did you undercunterate that bitch?!
Undercunterated by Daker June 16, 2015

undercumference

The distance from your clenched butthole to the edge of your ball sac
She was not impressed with my undercumference as it was coated with from under cheese
undercumference by Tranquist1899 September 11, 2015

underculture 

A segment of modern culture that exists outside, or underneath, the mainstream. Often involved in illicit behavior and/or illegal activities.
“Are we still pretending the adrenochrome underculture doesn’t exist after all the recent revelations about Epstein Island 🌴.”
underculture by Unclean Waters July 25, 2020

Undercuffler 

Noun
The act of using ones hand to gently cup another's genitalia, while diddling said genitalia with the fingers, with a focused effort by the middle finger. Can also be used as a verb, and is effective for both men and women.
"I thought she was going to jerk me off, but instead she gave me the ole undercuffler."

"I was so shocked, I thought he was going to kiss me but he undercufflered me!"
Undercuffler by I201 June 18, 2017