A song written and performed by David Bowie. Contrary to what other's may believe. The "Velvet Goldmine" in question is another man's mouth fellating Bowie. The song Velvet Goldmine has nothing to do with vagina, pussy, or poontang. The song was allegedly re-written to be more ambiguous about the sexual encounter. The song is only available on re-releases or best of compilations.
"Velvet Goldmine, you stroke me like the rain.
Snake it, take it, panther princess you must stay.
Velvet Goldmine, naked on your chain.
I'll be your king volcano right for you again and again."
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.