This is an expression that is said when another usually flops or poos, or sumtymes being just plain and chauncy, it is usually followed by a name.It can cause serious entertainment to kick a sesh and start saying "WUOOOW" to another bunned person, because of their reply being "WUOOOW" right back at you.
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).