Usually preceded by "you are the", a title of praise for someone who has done something extraordinary. Functions identically to a host of other congratulatory expressions, such as "you kick ass," "you're the Man," "You're a champ," etc.
When you shit in a plastic bang, ties a knot on it and smash it against the wall 'till the bag breaks.
"Oh my God, son! Why've you been whipshitting in my car!?"
"The russian boy, Joseph, was expelled from school for whipshitting rector's office several times"